Benefits of KPIs for industry sector evaluation: the case study from the Czech Republic

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dc.contributor.author Hedvičáková, Martina
dc.contributor.author Král, Martin
dc.contributor.other Ekonomická fakulta cs
dc.date.accessioned 2019-06-15T15:51:00Z
dc.date.available 2019-06-15T15:51:00Z
dc.identifier.issn 1212-3609
dc.identifier.uri https://dspace.tul.cz/handle/15240/152598
dc.description.abstract Currently, there is a fourth Industrial Revolution known as Industry 4.0. This industrialization is characterized by structural changes in the substitution of labour by new technologies and capital. The paper focuses on the industrial sector, which is dominant in the Czech Republic and has a significant contribution to GDP and value added. It describes the current economic situation in Czech Republic and in European Union. en
dc.description.abstract Many companies use absolute indicators (such as sales, profits, ...) or financial indicators (such as asset turnover, return on assets, ...) to evaluate their performance and efficiency. A Performance Indicator or Key Performance Indicator (KPI) is a term used by industry or professionals for assessing or type of performance measurement. The aim of the paper is to critically assess the performance evaluation of individual industries based on the absolute monitored indicators compared to the key performance indicators (KPIs). The paper contains a proposal for a KPIs system that would allow performance assessments of industry sectors, including a correlation analysis of these indicators, to allow for long-term relations. Therefore, it is possible to evaluate the performance of individual industry sectors by means of their aid. en
dc.description.abstract At the same time, KPI provides sufficient information on whether to invest more in individual industrial sectors and replace human work by modern technologies or, on the contrary, whether these investments bring no added value and that it is therefore appropriate to stop them and leave this sector to other (more competitive) countries. KPI indicators gain in importance in Industry 4.0. Primary and secondary sources were used in the processing of the article. en
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dc.language.iso en
dc.publisher Technická Univerzita v Liberci cs
dc.publisher Technical university of Liberec, Czech Republic en
dc.relation.ispartof Ekonomie a Management cs
dc.relation.ispartof Economics and Management en
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dc.rights CC BY-NC
dc.subject industry en
dc.subject added value en
dc.subject EBIT en
dc.subject key performance indicators en
dc.subject GDP en
dc.subject correlation analysis en
dc.subject.classification L16
dc.subject.classification E24
dc.subject.classification O33
dc.title Benefits of KPIs for industry sector evaluation: the case study from the Czech Republic en
dc.type Article en
dc.publisher.abbreviation TUL
dc.relation.isrefereed true
dc.identifier.doi 10.15240/tul/001/2019-2-007
dc.identifier.eissn 2336-5604
local.relation.volume 22
local.relation.issue 2
local.relation.abbreviation E+M cs
local.relation.abbreviation E&M en
local.faculty Faculty of Economics
local.citation.spage 97
local.citation.epage 113
local.access open
local.fulltext yes
local.filename EM_2_2019_07


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