Traditional vs Modern Approaches to Measuring the Performance of a Company

Izdanje: FINIZ 2021 - Are you Ready for the ContinuousNEXT® after Covid-19?

DOI: 10.15308/finiz-2021-31-37

Oblast: Papers from the Thematic Areas of the Conference

Stranice: 31-37

Apstrakt:
The process of managing the performance of a company necessarily goes through the phase of their measurement. The measures that are applied depend on the information requirements, the set goals, and the defined business strategy of the company. The traditional approach to measuring company performance places emphasis on financial parameters that are expressed quantitatively, thus creating the possibility of dynamic observation of the phenomenon in continuous time periods. In contrast to this approach, the modern approach, in addition to financial, uses non-financial performance measures that are expressed and categorized qualitatively, in accordance with the needs of key stakeholders. The focus of the traditional approach is on analyzing and improving the short-term performance of the company, while the modern approach is dominated by the pursuit of long-term company value.
Ključne reči: business performance, traditional approach, modern approach.
Priložene datoteke:
  • 31-37 ( veličina: 310,92 KB, broj pregleda: 229 )

Preuzimanje citata:

BibTeX format
@article{article,
  author  = {Z. Jović and S. Tomašević}, 
  title   = {Traditional vs Modern Approaches to Measuring the Performance of a Company},
  journal = {FINIZ 2021 - Are you Ready for the ContinuousNEXT® after Covid-19?},
  year    = 2021,
  pages   = {31-37},
  doi     = {10.15308/finiz-2021-31-37}
}
RefWorks Tagged format
RT Conference Proceedings
A1 Zoran Jović
A1 Stevan Tomašević
T1 Traditional vs Modern Approaches to Measuring the Performance of a Company
AD Univerzitet Singidunum, Beograd, Beograd, Srbija
YR 2021
NO doi: 10.15308/finiz-2021-31-37
Unapred formatirani prikaz citata
Z. Jović and S. Tomašević, Traditional vs Modern Approaches to Measuring the Performance of a Company, Univerzitet Singidunum, Beograd, 2021, doi:10.15308/finiz-2021-31-37