New management systems and their application through ERP systems in the Czech Republic
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Date
2013-08
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Technická Univerzita v Liberci
Technical university of Liberec, Czech Republic
Technical university of Liberec, Czech Republic
Abstract
In today's competitive environment, in which the changes are more and more turbulent, it is important to evaluate continuously company goals, strategy, individual processes and ways of performance measurement. To maintain the competitiveness companies have to observe their environment and flexibly react to its changes. It is not sufficient to evaluate past performance of a company but it is necessary to determine planned values and specify ways of achievement and measurement of these values. Currently, traditional methods of measuring company performance are widely used but they are not sufficient because they do not allow a conclusive analysis of causal relationships. Therefore, it is necessary to involve new methods and models that assess the company performance not only from the quantitative, but also the qualitative perspective. For this purpose, new or modified Enterprise Resource Planning (ERP) systems are used. The main aim of this article is to analyse if companies use particular methods of performance measurement and if so, which methods. The subsidiary objective consists in finding differences between various types of companies. First part provides a short summary of theoretical aspects of company performance measurement, including some definitions of the term performance. After that, a short description of the role of the Enterprise Resource Planning (ERP) systems in the environment of a company is given. The main part of this article is focused on the presentation of selected topics examined with the help of a survey. The survey took place in January and February 2013 in companies located in the Czech Republic. The vast majority of analyzed companies were located in the Central and North-East part of Bohemia. The research team received one hundred of completed questionnaires.
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Subject(s)
competitiveness, ERP systems, financial management, implementation of ERP systems, innovation of performance measurement
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ISBN
978-80-7372-953-0