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

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dc.contributor.authorHedvičáková, Martina
dc.contributor.authorKrál, Martin
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2019-06-15T15:51:00Z
dc.date.available2019-06-15T15:51:00Z
dc.description.abstractCurrently, 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.abstractMany 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.abstractAt 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
dc.formattext
dc.identifier.doi10.15240/tul/001/2019-2-007
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/152598
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectindustryen
dc.subjectadded valueen
dc.subjectEBITen
dc.subjectkey performance indicatorsen
dc.subjectGDPen
dc.subjectcorrelation analysisen
dc.subject.classificationL16
dc.subject.classificationE24
dc.subject.classificationO33
dc.titleBenefits of KPIs for industry sector evaluation: the case study from the Czech Republicen
dc.typeArticleen
local.accessopen
local.citation.epage113
local.citation.spage97
local.facultyFaculty of Economics
local.filenameEM_2_2019_07
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue2
local.relation.volume22
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