scholarly journals KEY PERFORMANCE INDICATORS OF A CREWING COMPANY ACTIVITY

2019 ◽  
Vol 21 (1(70)) ◽  
pp. 28-36
Author(s):  
O.О. DANCHENKO
Keyword(s):  
Performance Indicators ◽  
Management Practice ◽  
Key Performance Indicators ◽  
Financial Indicators ◽  
Key Factors ◽  
Competitive Position ◽  
Qualitative And Quantitative ◽  
Modern Economic ◽  
System Of Parameters ◽  
Economic Tools

Topicality. Enterprises must inculcate modern economic tools in the management practice to provide efficiency of their work. The universal set of parameters that can be used equally well for all kinds of activity without the exception is absent. The complexity of forming financial results of a crewing company activity and necessity of taking into account the specific features of its functioning require to research the key parameters of effectiveness concerning specifically crewing activity. Aim and tasks. Identification of performance indicators (qualitative and quantitative) of the company, which will cover all aspects of the crewing company activity without any exceptions, taking into consideration the specifics of their activities and the peculiarities of formation of incomes and expenses for various types of crewing. Research results. Most companies use traditional techniques to assess the competitive position on the market. Besides today, more and more attention is paid to valuing the company. In our view, to assess the work of a crewing company, it is necessary to focus on the so-called key performance indicators (KPIs). They are an element of a balanced system of parameters, which should have a set of indicators that can clearly identify the company's goals and the extent to which they are achieved. In particular, it is necessary to use both financial and non-financial indicators, to determine quantitative and qualitative KPIs, as well as perspective and actual indicators. A list of KPIs must be developed for each employee of a crewing company. Their number should not exceed 5-7 indicators. They all should be simple, understandable, clear and achievable. All KPIs should be known to all employees in order to ensure proper transparency, stimulate competition and motivate employees to develop. Conclusion. Today, more emphasis is placed on traditional quantitative financial indicators that reflect the results achieved. In turn, promising indicators as KPIs provide a benchmark for company employees to the place of application of effort and reflect key improvements in the work of the crewing company. Therefore, it is necessary to make efforts and develop promising KPIs in order to determine what factors and how they affect the actual KPIs. This will help identify the specific services and processes that are key factors to the success of the company.

scholarly journals Modeling of the System of Evaluation of Retail Enterprises on the Basis of KPI and Process Approach

2021 ◽  
Vol 4 (519) ◽  
pp. 66-72
Author(s):  
O. S. Podskrebko ◽  
◽  
N. O. Ivanchenko ◽  
V. V. Tkachenko ◽  
◽  
...  
Keyword(s):  
Environmental Conditions ◽  
Performance Indicators ◽  
Business Processes ◽  
Process Approach ◽  
Retail Trade ◽  
Financial Indicators ◽  
Key Factors ◽  
Modeling And Forecasting ◽  
Retail Enterprise

The article proposes a model for evaluating the activities of retail enterprise, which is based on five stages and allows determining ways to increase the efficiency of functioning, which will improve the adaptive properties of the economic object. The analysis of types of KPI is carried out, process and functional approaches are identified as the main ones for the direct development of key performance indicators, as well as the characteristics of the evaluation of effective marketing at enterprises, including those that function in the sphere of retail trade, are determined. The authors considered how modeling and forecasting of key financial indicators of an enterprise contribute to the creation of strategies for its development. The article notes that for the initial evaluation of a retail enterprise focused on long-term success, it is mandatory to conduct an audit aimed at assessing the efficiency of the economic object and defining how quickly the enterprise adapts to dynamic environmental conditions. The carried out analysis allowed to identify the key factors that contribute to an improvement of the enterprise’s operation. Also, on the example of the Isikawa diagram, the ratio of KPI, strategies and understanding of business processes was considered in order to set, control and analyze the achievement of goals.

scholarly journals Identify the Appropriate Key Performance Indicators for Evaluating the Performance of Construction Companies in Iraq

2018 ◽  
Vol 7 (4.20) ◽  
pp. 459
Author(s):  
Ali S. Tofan ◽  
Hatem K. Breesam
Keyword(s):  
Performance Evaluation ◽  
Performance Indicators ◽  
Current Method ◽  
Key Performance Indicators ◽  
Financial Indicators ◽  
Work Efficiency ◽  
Construction Companies ◽  
Construction Market ◽  
The World ◽  
Comprehensive Framework

After 2003, Iraqi market has been opened in front of the world. Many of international companies have entered to the Iraqi construction market. This has led to high competition between construction companies, especially the governmental companies under the Ministry of Construction and Housing. Competition has put a strong pressure on the construction companies to continuously improve their performance. There has been a lot of research for measuring performance at the project's level, but there is a clear lack of research on the performance measurement at the companies' level. The current method of performance evaluation is relying solely on financial indicators, which cannot be the only factor for evaluating performance. Other indicators such as customer's satisfaction, work efficiency, effective planning, etc. have become of great importance to the company success. The research aims are to identify the appropriate set of key performance indicators to measure the performance of construction companies in Iraq. A questionnaire forms have been distributed which includes main performance indicators that derived from the previous studies which affect the construction companies. in conclusion, 10 KPIs selected for the construction companies that can be the start point to make a comprehensive framework for the construction companies in Iraq.  

scholarly journals Formation of competitive development strategy key performance indicators’ system for consulting companies

2020 ◽  
Vol 18 (1) ◽  
pp. 53-60
Author(s):  
Inna Gruzina ◽  
Maryna Poliukhovych
Keyword(s):  
Development Strategy ◽  
Performance Indicators ◽  
Key Performance Indicators ◽  
Optimal Number ◽  
Enterprise Development ◽  
Key Factors ◽  
Competitive Strategies ◽  
Intellectual Potential ◽  
Goals And Objectives ◽  
Consulting Companies

The information on the main stages of key performance indicators selection and formation for the process of estimating the competitive development strategy effectiveness of consulting companies is analyzed, the types of indicators, their differences are examined, the existing views and recommendations of researchers and experts on the expediency of using certain indicators directly by consulting companies are generalized. Various areas of consulting are described and it is suggested to take into account the specifics of the consulting business when selecting relevant performance indicators of their competitive strategies. Comprehensive and relentless globalization has made the protection of company’s intellectual capital one of the key factors in the success of enterprise development. As the main asset of any consulting company are people and their intellectual potential, competition in this area has become quite strong and fierce. Since the main asset of the consulting company is people and their intellectual potential, the competition in this field is very strong and fierce. Thus, the predominance of intellectual work requires specific accounting for the assets of consulting companies and an assessment of the efficiency of use of these assets in accordance with the developed strategy. Given the fact that, by their content, performance indicators should assist managers and business owners in making decisions about evaluating the effectiveness of their chosen process or the performance of a particular system in the enterprise, evaluating the effectiveness of business development as a whole, the possibility of using a certain range of indicators to evaluate consulting company’s strategies effectiveness was considered. In particular, the results of the analysis of the main goals and objectives set in the development of a competitive consulting company’s development strategy suggested the use of groups of indicators (both financial and non-financial) to evaluate the effectiveness of the enterprise competitive strategy, enterprise development strategy or directly to evaluate the competitive development strategy of consulting companies. In addition, the emphasis is placed on determining the optimal number of indicators of the consulting company’s development strategy and analysis of data of different size and geography of business of consulting companies.

PLACE OF PERFORMANCE MEASUREMENT IN THE MANAGEMENT SYSTEM OF THE ORGANIZATION

2017 ◽  
Vol 6 (2) ◽  
pp. 29-32
Author(s):  
Еремина ◽  
G. Eremina ◽  
Соболь ◽  
O. Sobol
Keyword(s):  
Performance Measurement ◽  
Measurement System ◽  
Balanced Scorecard ◽  
Performance Indicators ◽  
Key Performance Indicators ◽  
Performance Measurement System ◽  
Financial Indicators ◽  
Management By Objectives ◽  
Evaluation Of Performance ◽  
Performance And Evaluation

The article analyzes the existing western approaches to the evaluation of performance indicators, which are now actively used in Russia: Management by Objectives, Balanced Scorecard, a system for assessing key performance indicators, etc. The work of domestic authors is also considered, dedicated to measuring financial performance and evaluation of staff. The article deals with the main concepts related to measuring performance: «key performance indicators» (KPIs), «key results indicators» (KRIs) and etc. The research showed that in most cases companies use existing methods to measure their performance, aimed at assessing financial indicators or qualifications, knowledge, skills of employees. In turn, the methods of measuring effectiveness and effectiveness, which allow to reflect the level of achievement of the set goals, the degree of effectiveness of the activities of personnel and the organization as a whole, provide feedback to employees on key areas of their actions are in demand less. The article also provides the basic rules for the application of the performance measurement system, which makes it possible to improve the efficiency of its application.

scholarly journals Approaches to the development of non-financial indicators determining method at the preparation of the applicants for higher education

2018 ◽  
pp. 7-14
Author(s):  
Liubov Kozoriz
Keyword(s):  
Higher Education ◽  
Cost Effectiveness ◽  
Performance Indicators ◽  
Key Performance Indicators ◽  
Specific Method ◽  
Financial Indicators ◽  
Or Methodology ◽  
Effectiveness Of Training ◽  
Definition Of ◽  
The Cost

The subject of the study is the process of preparing applicants for higher education in the context of assessing its effectiveness. The purpose of the study is to develop a balanced system of non-financial indicators suitable for analyzing the costs of training applicants for higher education. Method or methodology of the work.General scientific methods (scientific abstraction, comparison, analysis, synthesis, generalization) and a specific method of key performance indicators (KPI). The results.The article describes modern approaches to understanding the phenomenon of nonfinancial indicators applied to the education system effectiveness analysis in Ukraine, in particular it deals with the issues of the higher education applicants training effectiveness. The key elements of the strategic goals of educational institutions are considered. Author reveals basic stages of non-financial indicators balanced system formation including formation of strategy, determination of the most important factors of success, definition of efficiency indicators system, which corresponds to the needs and opportunities of the institution of higher education. The main risks and peculiarities of the implementation of non-financial indicators are investigated. An indicative list of key performance indicators is proposed, which can become the basis for effective monitoring of the cost effectiveness of training for higher education. Scope of the results: for development of a strategy for managing higher education at the macro and micro levels by state and regional authorities. Conclusions.The method of key performance indicators is acceptable for analyzing the cost-effectiveness of training applicants for higher education. Existing methodological approaches allow to develop a system of efficiency analysis both at the macro level (analysis of the entire higher school) and at the level of individual institutions. Using developed system of indicators, it is possible to go beyond the naive quantitative assessment of indicators and to achieve a real assessment of the return on state investment in training.

Optimalisasi Key Performance Indicators (KPI) Melalui Pendekatan Balance Scorecard Upaya Mengimplementasikan Performance Management System (PMS) Pada Perguruan Tinggi

CCIT Journal ◽  
2012 ◽  
Vol 6 (1) ◽  
pp. 17-34
Author(s):  
Untung Rahardja ◽  
Muhamad Yusup Eva ◽  
Rosyifa Rosyifa
Keyword(s):  
Performance Indicators ◽  
Management System ◽  
Educational Institution ◽  
Key Performance Indicators ◽  
Individual Performance ◽  
The State ◽  
Public Institution ◽  
Performance Measurement System ◽  
Educational Institutions ◽  
Successful Implementation

SQL Server Reporting Services is a way to analyze data, create reports using the indicators and gauges. Indicators are minimal gauges that convey the state of a single data value at a glance, and most are used to represent the state of Key Performance Indicators. Manage and harmonize the performance of an institution's educational institutions, especially universities with the performance of individuals or resources, no doubt is one of the essential elements for the success of an entity of the institution. Integrate the performance of an educational institution with individual performance is not an easy process, and therefore required a systematic approach to manage it. Implementation of a strategic management system based Balanced Scorecard can be used as a performance measurement system that will continuously monitor the successful implementation of the strategy of any public educational institution and measure the performance of its resources in a comprehensive and balanced, not the quantity but the emphasis is more concerned with the quality, so the performance of educational institutions at any time can be known clearly. Contribution of Key Performance Indicators to manage and harmonize the performance of any public institution is a solution in providing information to realize the extent of work that has set targets, identify and monitor measures of success, of course, with performance indicators show a clear, specific and measurable.

Strategic planning in grassland farming: Principles andapplications

1997 ◽  
pp. 191-197
Author(s):  
W.J. Parker ◽  
N.M. Shadbolt ◽  
D.I. Gray
Keyword(s):  
Strategic Planning ◽  
Performance Indicators ◽  
Cost Effective ◽  
Key Performance Indicators ◽  
Strategic Plans ◽  
Effective Manner ◽  
Farm Business ◽  
Pastoral Farming ◽  
Financial Environment

Three levels of planning can be distinguished in grassland farming: strategic, tactical and operational. The purpose of strategic planning is to achieve a sustainable long-term fit of the farm business with its physical, social and financial environment. In pastoral farming, this essentially means developing plans that maximise and best match pasture growth with animal demand, while generating sufficient income to maintain or enhance farm resources and improvements, and attain personal and financial goals. Strategic plans relate to the whole farm business and are focused on the means to achieve future needs. They should be routinely (at least annually) reviewed and monitored for effectiveness through key performance indicators (e.g., Economic Farm Surplus) that enable progress toward goals to be measured in a timely and cost-effective manner. Failure to link strategy with control is likely to result in unfulfilled plans. Keywords: management, performance

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