ROLE AND IMPORTANCE OF KEY PERFORMANCE INDICATORS MEASUREMENT

Key performance indicators are financial and non financial indicators that organizations use inorder to estimate and fortify how successful they are, aiming previously established long lastinggoals. Appropriate selection of indicators that will be used for measuring is of a greatest importance.Proce...

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Bibliographic Details
Main Authors: Rade Stanković, Milan Velimirović, Dragana Velimirović
Format: Article
Language:English
Published: University in Belgrade 2011-03-01
Series:Serbian Journal of Management
Subjects:
Online Access:http://www.sjm06.com/SJM%20ISSN1452-4864/6_1_2011_May_1-121/6_1_63-72.pdf
Description
Summary:Key performance indicators are financial and non financial indicators that organizations use inorder to estimate and fortify how successful they are, aiming previously established long lastinggoals. Appropriate selection of indicators that will be used for measuring is of a greatest importance.Process organization of business is necessary to be constitute in order to realize such effective andefficient system or performance measuring via KPI. Process organization also implies customerorientation and necessary flexibility in nowadays condition of global competition.Explanation of process organization, the way of KPI selection, and practical example of KPImeasuring in Toyota dealerships are presented in this paper.
ISSN:1452-4864