Economic Themes (2008) 46 (4) 2, 15-26
Bojan Krstić
Abstract: Changed environment, new markets and technologies require new strategies and redesign of traditional performance measurement system. Effective performance measurement system in modern terms is critical determinant of successful strategy implementation in enterprise, its growth and survival. Nowadays, all segments of business activity and success in consumption of all tangible and intangible resources must be measured with the same importance. This requirement could be realized with a set of well balanced financial and non-financial measures of performances. This paper emphasizes the relevance of designing an integrated performance measurement system, because of its great influence on quality of management decision making in contemporary business conditions.
Keywords: performance measurement system; redesign system; modern business environment
PERFORMANCE MEASUREMENT SYSTEM FOR THE MODERN BUSINESS ENVIRONMENT
Bojan Krstić
Abstract: Changed environment, new markets and technologies require new strategies and redesign of traditional performance measurement system. Effective performance measurement system in modern terms is critical determinant of successful strategy implementation in enterprise, its growth and survival. Nowadays, all segments of business activity and success in consumption of all tangible and intangible resources must be measured with the same importance. This requirement could be realized with a set of well balanced financial and non-financial measures of performances. This paper emphasizes the relevance of designing an integrated performance measurement system, because of its great influence on quality of management decision making in contemporary business conditions.
Keywords: performance measurement system; redesign system; modern business environment
