Key performance indicators for start-ups in furniture industry
It is not uncommon to see start-ups suddenly fail. Often, startups try to follow the example of other, successful companies, but they don’t always succeed, so this article looks at KPIs for startups in the furniture industry. The furniture industry in the Baltic States is reviewed and their develop...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2024-01-01
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| Series: | Mokslas: Lietuvos Ateitis |
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| Online Access: | https://journals.vilniustech.lt/index.php/MLA/article/view/18866 |
| _version_ | 1827383445665349632 |
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| author | Guoda Kirjazovaitė |
| author_facet | Guoda Kirjazovaitė |
| author_sort | Guoda Kirjazovaitė |
| collection | DOAJ |
| description |
It is not uncommon to see start-ups suddenly fail. Often, startups try to follow the example of other, successful companies, but they don’t always succeed, so this article looks at KPIs for startups in the furniture industry. The furniture industry in the Baltic States is reviewed and their development at different stages of the company’s growth is analyzed. The product factors and interrelationships of a successful furniture company have been identified. The article presents the results of the surveyed companies engaged in the development of products for the furniture industry. The reasons and the main factors influencing the success of the company are given. Based on the results of the study, a model for the development of KPIs for start-ups in the furniture industry is presented and conclusions and suggestions are presented. The model consisted of 10 different spheres (success factors, fail factors, inbound logistics, outbound logistics, marketing & sales, procurement, operation, service, HRM, technology development, sustainability) for 5 different companies size (1–9 employees, 10–49 employees, 50–99 employees, 100–249 employees and 250 and more employees). In the model were overwide main KPIs blocks and suggested considerate of companies size.
Article in English.
Baldų pramonės startuolių pagrindiniai sėkmės rodikliai
Santrauka
Neretai pastebima, kad naujos įmonės staiga žlunga. Dažnai startuoliai bando sekti kitų, sėkmingų įmonių pavyzdžiu, tačiau ne visada pavyksta, todėl šiame straipsnyje apžvelgiami baldų pramonės startuolių KPI. Apžvelgiama baldų pramonė Baltijos šalyse ir analizuojama jų raida skirtinguose įmonės augimo etapuose. Nustatyti sėkmingos baldų įmonės gaminių veiksniai ir tarpusavio ryšiai. Straipsnyje pateikiami apklaustų įmonių, užsiimančių gaminių baldų pramonei kūrimu, rezultatai. Pateikiamos priežastys ir pagrindiniai veiksniai, darantys įtaką įmonės sėkmei. Remiantis tyrimo rezultatais, pateikiamas baldų pramonės startuolių KPI kūrimo modelis ir pateikiamos išvados bei pasiūlymai.
Reikšminiai žodžiai: KPI, baldų pramonė, startuolis, gamyba, sėkmės rodikliai.
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| first_indexed | 2024-03-08T14:40:56Z |
| format | Article |
| id | doaj.art-9ffe2aa7b1f84b4cabf634e512dfaf7e |
| institution | Directory Open Access Journal |
| issn | 2029-2341 2029-2252 |
| language | English |
| last_indexed | 2024-03-08T14:40:56Z |
| publishDate | 2024-01-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | Mokslas: Lietuvos Ateitis |
| spelling | doaj.art-9ffe2aa7b1f84b4cabf634e512dfaf7e2024-01-11T16:23:16ZengVilnius Gediminas Technical UniversityMokslas: Lietuvos Ateitis2029-23412029-22522024-01-011610.3846/mla.2024.18866Key performance indicators for start-ups in furniture industryGuoda Kirjazovaitė0Vilnius Gediminas Technical University, Vilnius, Lithuania It is not uncommon to see start-ups suddenly fail. Often, startups try to follow the example of other, successful companies, but they don’t always succeed, so this article looks at KPIs for startups in the furniture industry. The furniture industry in the Baltic States is reviewed and their development at different stages of the company’s growth is analyzed. The product factors and interrelationships of a successful furniture company have been identified. The article presents the results of the surveyed companies engaged in the development of products for the furniture industry. The reasons and the main factors influencing the success of the company are given. Based on the results of the study, a model for the development of KPIs for start-ups in the furniture industry is presented and conclusions and suggestions are presented. The model consisted of 10 different spheres (success factors, fail factors, inbound logistics, outbound logistics, marketing & sales, procurement, operation, service, HRM, technology development, sustainability) for 5 different companies size (1–9 employees, 10–49 employees, 50–99 employees, 100–249 employees and 250 and more employees). In the model were overwide main KPIs blocks and suggested considerate of companies size. Article in English. Baldų pramonės startuolių pagrindiniai sėkmės rodikliai Santrauka Neretai pastebima, kad naujos įmonės staiga žlunga. Dažnai startuoliai bando sekti kitų, sėkmingų įmonių pavyzdžiu, tačiau ne visada pavyksta, todėl šiame straipsnyje apžvelgiami baldų pramonės startuolių KPI. Apžvelgiama baldų pramonė Baltijos šalyse ir analizuojama jų raida skirtinguose įmonės augimo etapuose. Nustatyti sėkmingos baldų įmonės gaminių veiksniai ir tarpusavio ryšiai. Straipsnyje pateikiami apklaustų įmonių, užsiimančių gaminių baldų pramonei kūrimu, rezultatai. Pateikiamos priežastys ir pagrindiniai veiksniai, darantys įtaką įmonės sėkmei. Remiantis tyrimo rezultatais, pateikiamas baldų pramonės startuolių KPI kūrimo modelis ir pateikiamos išvados bei pasiūlymai. Reikšminiai žodžiai: KPI, baldų pramonė, startuolis, gamyba, sėkmės rodikliai. https://journals.vilniustech.lt/index.php/MLA/article/view/18866KPIfurniture industrystart-upsmanufacturesuccess indicators |
| spellingShingle | Guoda Kirjazovaitė Key performance indicators for start-ups in furniture industry Mokslas: Lietuvos Ateitis KPI furniture industry start-ups manufacture success indicators |
| title | Key performance indicators for start-ups in furniture industry |
| title_full | Key performance indicators for start-ups in furniture industry |
| title_fullStr | Key performance indicators for start-ups in furniture industry |
| title_full_unstemmed | Key performance indicators for start-ups in furniture industry |
| title_short | Key performance indicators for start-ups in furniture industry |
| title_sort | key performance indicators for start ups in furniture industry |
| topic | KPI furniture industry start-ups manufacture success indicators |
| url | https://journals.vilniustech.lt/index.php/MLA/article/view/18866 |
| work_keys_str_mv | AT guodakirjazovaite keyperformanceindicatorsforstartupsinfurnitureindustry |