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Enhancing an enterprise's innovation performance measurement system
Univeristy of Niš, Faculty of Economy

emailljiljana.stankovic@eknfak.ni.ac.rs
Project:
Research and development of the platform for science based management of the scientific and technological development of the Republic of Serbia (MESTD - 47005)

Keywords: business and innovation performance; measurement; measure system; integrated model
Abstract
Business conditions under which modern enterprises operate are becoming more and more complex. The complexity of the business environment is caused not only by external but also by internal factors, which imposes the need for turnover in management focus. The turnover is reflected primarily in the change of business models. The changes are evident at all management stages. Development and enhancement of business performance measurement system is the area where the changes are most evident considering the interest of the academic and professional public. The changes in understanding that the basic purpose of business performance measurement is control have come about. Aside from control, the purpose of business performance measurement is enhancing, inciting and rewarding, i.e. connecting the aims and strategies. There is no universal innovation performance measurement system that could be suitable for all organizations. Hence, it is necessary to continually enhance value systems and adapt them in compliance with defined aims. The paper analyzes the contemporary systems of business performance evaluation and suggests the model of an enterprise's innovation performance measurement.
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article language: English
document type: unclassified
published in SCIndeks: 27/03/2012

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