Key Performance Indicators of Small Business in Russia

2020 ◽  
Vol 2020 (4) ◽  
pp. 224-242
Author(s):  
Vasiliy Kuznetsov
Keyword(s):  
Small Business ◽  
Performance Indicators ◽  
Small Businesses ◽  
Private Investment ◽  
Key Performance Indicators ◽  
Financial Statement ◽  
Gradient Boosting ◽  
Data Set ◽  
Minimum Number ◽  
A Company

Lack of transparency predetermines the shortage of private investment in small business. Financial statement presents the only source of information which reflects the performance of a company but does not provide the investor with sufficient data for proper decision making. Therefore, it is mandatory to develop a set of key performance indicators that will assess the viability of a company and reduce investment risks. Specific nature of small business determines the need to use a minimum number of parameters. To develop the system, the author examines two groups of enterprises: with a bankruptcy claim and without it. The data set consists of financial statement indicators and economic indicators. The use of random forest methods and gradient boosting confirmed the existence of differentiating parameters between successful and unsuccessful businesses: short-term accounts payable, profitability ratio, revenue trend, equity to total assets, receivables index, gain and loss on sale. The established system offers high accuracy for company’s success/bankruptcy forecast. Applying the findings will ensure greater transparency and investment attractiveness of small businesses.

scholarly journals Key Performance Indicators (KPIs) as a Tool to Improve Product Quality

2020 ◽  
Vol 3 (1) ◽  
pp. 347-354
Author(s):  
Katarzyna Midor ◽  
Erika Sujová ◽  
Helena Cierna ◽  
Danuta Zarebinska ◽  
Wojciech Kaniak
Keyword(s):  
Performance Indicators ◽  
Key Performance Indicators ◽  
Improve Product Quality ◽  
Process Measures ◽  
Organizational Unit ◽  
Manufactured Products ◽  
Management Method ◽  
A Company ◽  
Financial Process

AbstractThe literature includes a wide selection and distribution of performance indicators to be used in different areas of the company. The paper highlights the Key Performance Indicators (KPIs) as those that are the most universal and allow the control of intended targets in different areas of the enterprise. KPIs are financial and non-financial process measures used to assess the degree of achievement with regard to strategic and operational objectives in a company. They are also used to measure the effectiveness of all activities undertaken in an organizational unit. The paper presents the possibility of using KPIs to improve the quality of manufactured products, by analyzing the trend of selected indicators. This analysis gave an impulse to undertake improvement actions in the company consisting in the use of quality management method – in this case 5 WHY leading to the initiation of preventive and corrective actions in the occurrence of defective products.

scholarly journals Identification of Bridge Key Performance Indicators Using Survival Analysis for Future Network-Wide Structural Health Monitoring

Sensors ◽  
2020 ◽  
Vol 20 (23) ◽  
pp. 6894
Author(s):  
Nicola-Ann Stevens ◽  
Myra Lydon ◽  
Adele H. Marshall ◽  
Su Taylor
Keyword(s):  
Survival Analysis ◽  
Structural Health Monitoring ◽  
Health Monitoring ◽  
Performance Indicators ◽  
Key Performance Indicators ◽  
Predictive Maintenance ◽  
Sensor Data ◽  
Transport Networks ◽  
Data Set ◽  
Structural Health

Machine learning and statistical approaches have transformed the management of infrastructure systems such as water, energy and modern transport networks. Artificial Intelligence-based solutions allow asset owners to predict future performance and optimize maintenance routines through the use of historic performance and real-time sensor data. The industrial adoption of such methods has been limited in the management of bridges within aging transport networks. Predictive maintenance at bridge network level is particularly complex due to the considerable level of heterogeneity encompassed across various bridge types and functions. This paper reviews some of the main approaches in bridge predictive maintenance modeling and outlines the challenges in their adaptation to the future network-wide management of bridges. Survival analysis techniques have been successfully applied to predict outcomes from a homogenous data set, such as bridge deck condition. This paper considers the complexities of European road networks in terms of bridge type, function and age to present a novel application of survival analysis based on sparse data obtained from visual inspections. This research is focused on analyzing existing inspection information to establish data foundations, which will pave the way for big data utilization, and inform on key performance indicators for future network-wide structural health monitoring.

scholarly journals FEATURES OF THE ORGANIZATION AND IMPLEMENTATION OF PERSONNEL PLANNING IN SMALL BUSINESS ORGANIZATIONS

2021 ◽  
pp. 18-26
Author(s):  
Софья Викторовна Анисимова
Keyword(s):  
Small Business ◽  
Performance Indicators ◽  
Small Businesses ◽  
Systematic Approach ◽  
Company Performance ◽  
Business Organizations ◽  
Personnel Planning ◽  
Personnel Needs ◽  
Recruitment And Selection ◽  
Selection Of

В работе автор обращается к актуальным проблемам кадрового планирования в малом бизнесе. Проведён анализ проблем, даны авторские рекомендации по формированию комплексной системы кадрового планирования на предприятиях и организациях малого бизнеса. Они связаны с решением проблем, возникающих в процессе стратегического, оперативного планирования управления персоналом; отсутствием системного подхода к управлению процессами в организации и чёткой взаимосвязи между планированием и получаемыми результатами; отсутствием или минимальным применением инструментария бюджетирования и контроллинга; специфическим отношением к консультированию, привлечению специалистов извне; некорректным применением сбалансированной системы показателей деятельности предприятии и ключевых показателей эффективности персонала (BSC и KPI); планированием потребности в персонале; сложностями с набором и подбором персонала. Статья носит практикоориентированный характер. In this paper the author analyses the current problems of personnel planning in small businesses and makes recommendations on the formation of a comprehensive system of personnel planning at enterprises and small business organizations. They are associated with the solution of problems that arise in the process of strategic, operational planning of personnel management; the lack of a systematic approach to managing processes in the organization and a clear relationship between planning and the results obtained; with the lack or minimal use of budgeting and controlling tools; specific attitude to consulting, attracting specialists from outside; incorrect application of a balanced system of company performance indicators and key personnel performance indicators (BSC and KPI); planning of personnel needs; difficulties with recruitment and selection of personnel. The article is practice-oriented in nature.

scholarly journals Evaluation of production effectiveness in garment companies through key performance indicators

2012 ◽  
Vol 12 (2) ◽  
pp. 62-66 ◽  
Author(s):  
S. Spahija ◽  
E. Shehi ◽  
G. Guxho
Keyword(s):  
Performance Indicators ◽  
Value Added ◽  
Key Performance Indicators ◽  
Health Check ◽  
Production Effectiveness ◽  
Definition Of ◽  
A Company ◽  
The Way

Abstract Key Performance Indicators help an organisation to improve productivity and to evaluate its success. Improved productivity is an essential part of increasing the value-added services that companies can offer to clients and hence their competitiveness. By using Key Performance Indicators, a company can establish baseline figures against a number of important areas. They can be considered like a health check on a company or a diagnosis of where a company can improve its performance. The definition of what they are and how they are measured does not change often, but Key Performance Indicators may change as the organisation's goals change. In this paper we present and discuss the way to establish Key Performance Indicators to evaluate the production effectiveness of garment companies. The KPIs are being tested in several garment companies in Albania and actually implemented in 25 companies.

Real estate ownership and closely-held firm value

2014 ◽  
Vol 32 (3) ◽  
pp. 229-243 ◽  
Author(s):  
John Edward Graham ◽  
Craig Galbraith ◽  
Curt Stiles
Keyword(s):  
Small Business ◽  
Real Estate ◽  
Small Businesses ◽  
Business Strategy ◽  
Firm Value ◽  
Private Equity ◽  
Data Set ◽  
Content Type ◽  
The Impact ◽  
Estate Ownership

Purpose – The authors aim to measure the value of leasing, versus owning, business locations for the closely-held firm. Design/methodology/approach – The authors examine the sales transactions of small businesses in the USA – those with revenues of less than $20 million per year – between 1995 and 2010. The authors contrast the values of firms that own, and do not own, their real estate. Findings – In general, the authors find negative relationships between closely-held firm values and real estate ownership. Nowhere did the authors observe firm value being enhanced by property ownership. Research limitations/implications – The data set may be limited by the accuracy of the data provided by business brokers. Compared to the capital markets, the small business “exchange” is less efficient, but it is the only source of unlisted business sales data. Practical implications – The findings are important to the small-business broker and the investor. The broker might better advise the buyer and seller with the findings. Business owners, private equity investors, and their advisors, are all reminded to focus on the core business strategy and avoid getting “locked into” real estate ownership in a business investment. Originality/value – The impact of real estate on the valuations of closely-held firms is a largely unexamined area. And there is a lack of consistency on publicly-held company valuations as a function of real estate ownership; these public company findings and the dearth of work on the privately-held company's real estate attract the attention in this study.

Overall Performance Improvement of an Small Scale Venture Using Critical Key Performance Indicators

2016 ◽  
Vol 27 ◽  
pp. 158-166 ◽  
Author(s):  
S. Nallusamy
Keyword(s):  
Inventory Management ◽  
Performance Indicators ◽  
Small Businesses ◽  
Key Performance Indicators ◽  
Small Scale ◽  
Inventory Theory ◽  
Inventory Policy ◽  
Total Inventory ◽  
Overall Performance ◽  
Operational Excellence

Inventory theory and supply chain management have become important to small businesses in order to improve an organization’s competitive strength and survival. The rapid growth of small businesses of late has seen them to face a challenge in managing their inventory effectively and efficiently. A study was carried out in F.E. (Private) limited a pioneer in distribution of electrical equipments based in Chennai, whose two major challenges were, stock-out and excess stock due to uncertainty in demand. The organization wanted to develop its performance and overall efficiency by considering a change in the inventory policy. The main aim of this research is to attain operational excellence through inventory management and measure its effectiveness using critical key performance indicators. A new inventory policy was developed to improve the inventory turns and measure its performance after implementing the new inventory policy. The results revealed that the implementation of new inventory policy helped to save over Rs. 2.25 lakhs per month in terms of total inventory carrying cost to the selected organization.

scholarly journals Features of corporate culture in small business organizations

2021 ◽  
Vol 7 (3) ◽  
pp. 96-106
Author(s):  
Nikolay A. Tishchenko ◽  
◽  
Angelica I. Luchinkina ◽  
Keyword(s):  
Small Business ◽  
Corporate Culture ◽  
Small Businesses ◽  
Business Organizations ◽  
Different Types ◽  
The Crimea ◽  
The Republic ◽  
The Government ◽  
The Individual ◽  
A Company

One of the main tasks set by the President of the Russian Federation to the Government in May 2018 is the development of small and medium-sized businesses. In recent years, the number of small business organizations in the Crimea has grown significantly, which, on the one hand, develops the economic sector of the Republic and provides jobs, and on the other, creates the fiercest competition in a market economy. So, only in the Crimea, more than 90% of small businesses sell their services to consumers, and are not producers of goods. In addition, the services offered by such companies are not exclusive in the Crimean market. For a company to be competitive, it needs to be recognized and be ahead when compared to other companies. In fact, to ensure competitiveness, a small business company must have a stable positive image, be familiar to everybody. Otherwise, the lifetime of such a company is limited from 1 year to 3 years. The purpose of the article is to describe the results of the study of the corporate culture of small business organizations. Materials and methods. To diagnose the corporate culture of the organization, we used the OSAI method; to determine the styles and norms of behavior, to identify the leading motives of employees' activities – the method of diagnosing the socio psychological attitudes of the individual in the motivational- need sphere developed by O.F. Potemkina. In the course of the study of 7 Crimean small business enterprises, the authors identified several groups of enterprises with tendencies to different types of corporate culture. The motivational profiles of the enterprises included in the ascertaining experiment were studied. During the discussion of the research procedure and its results there were questions concerning the cumbersomeness of psychodiagnostic techniques that measure the type and level of formation of corporate culture, as well as determining the criteria for the success of small businesses with different types of corporate culture in the market.

scholarly journals Generating strategies with KPIs (Key Performance Indicators) through the use of TIC’s (Information and Communication Technologies)

2020 ◽  
pp. 1-6
Author(s):  
Jesús Abraham CASTORENA-PEÑA ◽  
Alicia Elena SILVA-AVILA ◽  
Rubén Álvaro GONZÁLEZ-BENÍTEZ ◽  
Jehú Efraín MARTÍNEZ-CASTRO
Keyword(s):  
Information And Communication Technologies ◽  
Performance Indicators ◽  
Communication Technologies ◽  
Key Performance Indicators ◽  
Relevant Information ◽  
Sql Server ◽  
Information And Communication ◽  
A Company ◽  
Design Construction

Organizations are facing an uncertain scenario due to business dynamics and the evolution of their technical terminology to adapt to new ways of competing in the environment, which requires assertive indicators to ensure permanence and success in the medium and long term of any company. Through the use of KPIs, organizations have the opportunity to analyze and monitor relevant information from their company to make the operations of a company's sales area more efficient. The objective of this study is to propose a set of key performance indicators (KPI's) that allow the performance of a company dedicated to the activity of commercialization and manufacture and import of cleaning products to be measured, which is analyzed using the monetary variables of units or percentages. For the development of the investigation, Microsoft SQL Server was used as technological tools for the creation of the data model, and for the design, construction and analysis of the KPIs, the BSC Designer tool was used.

scholarly journals PLANNING ROUTES AND SHIFTS DRIVING FOR A SMALL BUSINESS OF ROAD PASSENGER TRANSPORT

2016 ◽  
Vol 13 (3) ◽  
pp. 400
Author(s):  
Pablo Aparicio Ruiz ◽  
Jesús Muñuzuri Sanz ◽  
Alejandro Escudero Santana ◽  
Rafael Grosso de la Vega
Keyword(s):  
Small Business ◽  
Metropolitan Area ◽  
Scheduling Algorithm ◽  
Passenger Transport ◽  
Excel Spreadsheet ◽  
Minimum Number ◽  
And Shifts ◽  
A Company

The presented work is done for a company that currently operates twenty lines of passenger transport in the metropolitan area of Seville. The planning of these was originally carried out manually, building routes and shifts in an Excel spreadsheet. In order to automate the process as much as possible. It was designed and implemented by a scheduling algorithm that would be much simple than other algorithms in the literature and that, in addition, would make it possible to allow mixing vehicles and drivers between the lines. The objective was, firstly, to employ the minimum number of drivers; then, it is trying to use the least possible number of vehicles; finally, the study tries to reduce as much as possible the amount of split shifts. In addition, restrictions on the design of routes and shifts were added. At all times the service frequencies remained above the set limit. To allow the possibility of unexpected demand peaks, was established in the capacity of each route some slack.

The impact of financial Key Performance Indicators (KPIs) and Forward- Looking Disclosures (FLDs) on Market Value (MV).

2020 ◽  
Author(s):  
◽  
Johannes Harder
Keyword(s):  
Performance Indicators ◽  
Practical Implication ◽  
Market Value ◽  
Key Performance Indicators ◽  
Research Approach ◽  
German Stock ◽  
Fundamental Value ◽  
The Impact ◽  
A Company ◽  
Forward Looking

Investors and companies require an efficient capital market where financial resources are allocated at a fair price. The challenge is not only to define measures able to calculate the fundamental value of a company but to compare it with actual market prices to test market efficiency. Based on this practical implication, the research has four objectives. Firstly, to examine the impact of changes in KPIs (key performance indicators) on changes in MV (market value). Secondly, to analyse the impact of changes in KPIs on changes in FLDs (forward-looking disclosures) as well as the impact of changes in FLDs on "one year ahead" changes in KPIs. Thirdly, to assess the impact of changes in FLDs on changes in MV. Fourthly, to evaluate the "combined" impact of changes in FLDs and KPIs on MV. Based on the philosophical belief of a realist, a quantitative research approach has been chosen using correlation and regression analysis as a method. The regression formula consists of 19 KPIs covering profitability, liquidity, test of solvency, financial structure, efficiency, cash flow and growth ratios. Concerning the evaluation of FLDs, different FLD indices established by previous research are synthesised and afterwards extended to a list of 696 words through utilising grammatical terms. To score FLDs the current research counts the number of words in total and then calculating the change score in percentage. The framework is used to test the impact of FLDs and KPIs on the MV of companies listed on one of the German stock indices DAX, SDAX, MDAX and TecDAX during the years 2007 and 2017. The analysis unveils that KPIs and FLDs, as well as KPIs and FLDs combined, are significantly related to the MV. The research implies the efficiency of the German stock market, which is beneficial for investors and companies. The thesis adds value to existing knowledge by providing a list of KPIs capable of determining the fundamental value of a company. Besides, the research implies to consider FLDs as a further essential fundamental variable that impacts MV. The thesis challenges regulatory bodies to set clear best practice guidance for not only narrative reporting but also to emphasise the requirements of distinct KPIs for evaluating the fundamental value of a company.

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