Open AccessDevelopment of Concepts and Models of Performance Evaluation from the 19th Century to the Present
Author(s) -
Jana Hornungová
Publication year - 2014
Publication title -
danube
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.137
H-Index - 8
eISSN - 1804-8285
pISSN - 1804-6746
DOI - 10.2478/danb-2014-0008
Subject(s) - intellectual capital , sample (material) , field (mathematics) , value (mathematics) , affect (linguistics) , performance measurement , capital (architecture) , performance appraisal , business , accounting , classical economics , economics , computer science , marketing , management , sociology , finance , chemistry , mathematics , communication , chromatography , archaeology , machine learning , pure mathematics , history
The main aim of this paper is to provide a framework of concepts and models from the area of performance measurement. Due to the fact that the business environment is con-stantly changing, changes also occur in the trends relating to performance. Traditional financial performance measures have been highly criticized and the need identified to integrate non-financial perspectives, such as level of innovation, degree of motivation, intellectual capital and other criteria. Intellectual capital is often a crucial factor in the creation of value in a company. This paper provides a literature review supplemented by the author’s research in the field of performance. The article shows that the performance appraisal system is currently focused on several areas that could affect the performance of the company, which is also part of the overall performance of the economy in the form of GDP growth. Based on the research, it can be said that, for the sample tracked, the selection of performance evaluation system does not depend on the legal form of the business