NON-FINANCIAL INDICATORS AND THEIR IMPORTANCE IN SMALL AND MEDIUM-SIZED ENTERPRISES
Measuring enterprise performance plays an important role in maximizing business efficiency. A modern business performance measurement tool is the Balanced Scorecard (BSC) method. This method helps assess not only the financial situation of the enterprise, but also indicators, and evaluates non-finan...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Tomas Bata University in Zlín
2018-06-01
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| Series: | Journal of Competitiveness |
| Subjects: | |
| Online Access: | https://www.cjournal.cz/index.php?hid=clanek&bid=archiv&cid=284&cp= |
| _version_ | 1811320071642939392 |
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| author | Jan Dobrovic Maya Lambovska Peter Gallo Veronika Timkova |
| author_facet | Jan Dobrovic Maya Lambovska Peter Gallo Veronika Timkova |
| author_sort | Jan Dobrovic |
| collection | DOAJ |
| description | Measuring enterprise performance plays an important role in maximizing business efficiency. A modern business performance measurement tool is the Balanced Scorecard (BSC) method. This method helps assess not only the financial situation of the enterprise, but also indicators, and evaluates non-financial indicators, which is important for achieving the maximum competitiveness of the enterprise. This paper points out the importance of non-financial indicators in small and medium-sized enterprises in Slovakia, using the BSC method as a strategic management tool. Three hypotheses were established and then verified using the method of proportionality of the given phenomenon in the population and the chi-square test of independence. Apartial objective of the study was to find out the existence of a statistically significant link between the use of the BSC method and the importance of non-financial indicators in small and medium-sized enterprises in Slovakia, as the BSC method attaches the same importance to both financial and non-financial indicators. It has been shown that these two variables are related. |
| first_indexed | 2024-04-13T12:53:55Z |
| format | Article |
| id | doaj.art-76e424d62d414f64979a0bf51acf8921 |
| institution | Directory Open Access Journal |
| issn | 1804-171X 1804-171X |
| language | English |
| last_indexed | 2024-04-13T12:53:55Z |
| publishDate | 2018-06-01 |
| publisher | Tomas Bata University in Zlín |
| record_format | Article |
| series | Journal of Competitiveness |
| spelling | doaj.art-76e424d62d414f64979a0bf51acf89212022-12-22T02:46:07ZengTomas Bata University in ZlínJournal of Competitiveness1804-171X1804-171X2018-06-01102415510.7441/joc.2018.02.03NON-FINANCIAL INDICATORS AND THEIR IMPORTANCE IN SMALL AND MEDIUM-SIZED ENTERPRISESJan Dobrovic0Maya Lambovska1Peter Gallo2Veronika Timkova3University of Prešov in Prešov, Faculty of ManagementUniversity of National and World Economy in Sofia, Faculty of Management and AdministrationUniversity of Prešov in Prešov, Faculty of ManagementUniversity of Prešov in Prešov, Faculty of ManagementMeasuring enterprise performance plays an important role in maximizing business efficiency. A modern business performance measurement tool is the Balanced Scorecard (BSC) method. This method helps assess not only the financial situation of the enterprise, but also indicators, and evaluates non-financial indicators, which is important for achieving the maximum competitiveness of the enterprise. This paper points out the importance of non-financial indicators in small and medium-sized enterprises in Slovakia, using the BSC method as a strategic management tool. Three hypotheses were established and then verified using the method of proportionality of the given phenomenon in the population and the chi-square test of independence. Apartial objective of the study was to find out the existence of a statistically significant link between the use of the BSC method and the importance of non-financial indicators in small and medium-sized enterprises in Slovakia, as the BSC method attaches the same importance to both financial and non-financial indicators. It has been shown that these two variables are related.https://www.cjournal.cz/index.php?hid=clanek&bid=archiv&cid=284&cp=balanced scorecardindicatorsnon-financial indicatorssmall and medium-sized enterprises |
| spellingShingle | Jan Dobrovic Maya Lambovska Peter Gallo Veronika Timkova NON-FINANCIAL INDICATORS AND THEIR IMPORTANCE IN SMALL AND MEDIUM-SIZED ENTERPRISES Journal of Competitiveness balanced scorecard indicators non-financial indicators small and medium-sized enterprises |
| title | NON-FINANCIAL INDICATORS AND THEIR IMPORTANCE IN SMALL AND MEDIUM-SIZED ENTERPRISES |
| title_full | NON-FINANCIAL INDICATORS AND THEIR IMPORTANCE IN SMALL AND MEDIUM-SIZED ENTERPRISES |
| title_fullStr | NON-FINANCIAL INDICATORS AND THEIR IMPORTANCE IN SMALL AND MEDIUM-SIZED ENTERPRISES |
| title_full_unstemmed | NON-FINANCIAL INDICATORS AND THEIR IMPORTANCE IN SMALL AND MEDIUM-SIZED ENTERPRISES |
| title_short | NON-FINANCIAL INDICATORS AND THEIR IMPORTANCE IN SMALL AND MEDIUM-SIZED ENTERPRISES |
| title_sort | non financial indicators and their importance in small and medium sized enterprises |
| topic | balanced scorecard indicators non-financial indicators small and medium-sized enterprises |
| url | https://www.cjournal.cz/index.php?hid=clanek&bid=archiv&cid=284&cp= |
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