Model of Performance Measurement and Management System in “The Visegrad Group”

Author:

Teplická Katarína1,Hurná Soňa2

Affiliation:

1. Technical University of Košice, Faculty of Mining, Ecology, Process Control and Geotechnologies, Department of Management, Park Komenského 19, 042 00 Košice, Slovakia

2. Mendel University in Brno, Faculty of Business and Economics, Department of Business Economics, Zemědelská 1, 613 00 Brno, Czech Republic

Abstract

This article summarizes the model of the performance measurement and management systems in Industry 4.0. in the Visegrad Group (V4) countries. The main goal of the research is to suggest a Performance model and management system model (PMMS). Methods of research were focused on using the questionnaires method with the Dillman method and five research questions (RQ1-RQ5). The object of research comprised of 60 industrial V4 companies with the direction of law form, count of the employee, revenues, and type of industry. The return of the questionnaire was 49 respondents of 60 respondents - companies. 42 companies monitor financial performance and 40 companies’ employee performance. Information sources for measuring performance are information systems that are use 39 companies and 39 companies use financial statements. 19 companies use less than 10 KPIs, and 28 companies monitor KPIs throughout the year. The new model of performance measurement and management system in Industry 4.0 is a competitive advantage in the global market and in the hyper-competitiveness environment.

Funder

Vedecká Grantová Agentúra MŠVVaŠ SR a SAV

Publisher

Association for Information Communication Technology Education and Science (UIKTEN)

Subject

Management of Technology and Innovation,Information Systems and Management,Strategy and Management,Education,Information Systems,Computer Science (miscellaneous)

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