How to measure organizational performance in search for factors
of competitiveness

J 2013

How to measure organizational performance in search for factors of competitiveness

POKORNÁ, Jana a Ondřej ČÁSTEK

Základní údaje

Originální název

How to measure organizational performance in search for factors of competitiveness

Autoři

POKORNÁ, Jana (203 Česká republika, garant, domácí) a Ondřej ČÁSTEK (203 Česká republika, domácí)

Vydání

Acta universitatis agriculturae et silviculturae Mendelianae Brunensis, Brno, Mendelova univerzita v Brně, 2013, 1211-8516

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50600 5.6 Political science

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Odkazy

URL

Kód RIV

RIV/00216224:14560/13:00066085

Organizační jednotka

Ekonomicko-správní fakulta

DOI

http://dx.doi.org/10.11118/actaun201361020451

Klíčová slova anglicky

competitiveness; financial performance; sequential floating forward selection; k-nearest neighbours

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 23. 5. 2017 12:47, doc. Ing. Ondřej Částek, Ph.D.

Anotace

V originále

The aim of this paper is to find an appropriate method of expressing a company’s performance in order to offer it to researchers for the purpose of subsequent searches for factors affecting corporate competitiveness. Of the possible approaches to performance measuring, and after considering their advantages and limitations, we have chosen long-term financial indicators, Assets Growth and Return on Assets, because each of these indicators represents one of two possible strategies to improve financial performance. This article thus presents the alternatives that are offered for that purpose as well as several means of using selected indicators (cluster analysis, etc.). While verifying the suitability of the various means, we assumed that the better the financial performance is expressed, the higher the accuracy of methods seeking competitiveness factors will be under otherwise similar conditions. We have employed the Sequential Floating Forward Selection (SFFS) as the appropriate factors seeking method, which has already been used for similar types of tasks in other fields. The best results of expressing a company’s performance were achieved using the method of adding the standardized values of both indicators.

Návaznosti

GAP403/12/1557, projekt VaV

Název: Přístupy k identifikaci faktorů výkonnosti podniků s důrazem na metody výběru příznaků ve statistickém rozpoznávání.

Citovat

POKORNÁ, Jana a Ondřej ČÁSTEK. How to measure organizational performance in search for factors of competitiveness. Acta universitatis agriculturae et silviculturae Mendelianae Brunensis. Brno: Mendelova univerzita v Brně, 2013, roč. 61, č. 2, s. 451-461. ISSN 1211-8516. Dostupné z: https://dx.doi.org/10.11118/actaun201361020451.

@article{1094787,
   author = {Pokorná, Jana and Částek, Ondřej},
   article_location = {Brno},
   article_number = {2},
   doi = {http://dx.doi.org/10.11118/actaun201361020451},
   keywords = {competitiveness; financial performance; sequential floating forward selection; k-nearest neighbours},
   language = {eng},
   issn = {1211-8516},
   journal = {Acta universitatis agriculturae et silviculturae Mendelianae Brunensis},
   title = {How to measure organizational performance in search for factors of competitiveness},
   url = {http://www.mendelu.cz/cz/veda_vyzkum/acta},
   volume = {61},
   year = {2013}
}

TY  - JOUR
ID  - 1094787
AU  - Pokorná, Jana - Částek, Ondřej
PY  - 2013
TI  - How to measure organizational performance in search for factors of competitiveness
JF  - Acta universitatis agriculturae et silviculturae Mendelianae Brunensis
VL  - 61
IS  - 2
SP  - 451-461
EP  - 451-461
PB  - Mendelova univerzita v Brně
SN  - 12118516
KW  - competitiveness
KW  - financial performance
KW  - sequential floating forward selection
KW  - k-nearest neighbours
UR  - http://www.mendelu.cz/cz/veda_vyzkum/acta
L2  - http://www.mendelu.cz/cz/veda_vyzkum/acta
N2  - The aim of this paper is to find an appropriate method of expressing a company’s performance in order to offer it to researchers for the purpose of subsequent searches for factors affecting corporate competitiveness. Of the possible approaches to performance measuring, and after considering their advantages and limitations, we have chosen long-term financial indicators, Assets Growth and Return on Assets, because each of these indicators represents one of two possible strategies to improve financial performance. This article thus presents the alternatives that are offered for that purpose as well as several means of using selected indicators (cluster analysis, etc.). While verifying the suitability of the various means, we assumed that the better the financial performance is expressed, the higher the accuracy of methods seeking competitiveness factors will be under otherwise similar conditions. We have employed the Sequential Floating Forward Selection (SFFS) as the appropriate factors seeking method, which has already been used for similar types of tasks in other fields. The best results of expressing a company’s performance were achieved using the method of adding the standardized values of both indicators.
ER  -

POKORNÁ, Jana a Ondřej ČÁSTEK. How to measure organizational performance in search for factors of competitiveness. \textit{Acta universitatis agriculturae et silviculturae Mendelianae Brunensis}. Brno: Mendelova univerzita v Brně, 2013, roč.~61, č.~2, s.~451-461. ISSN~1211-8516. Dostupné z: https://dx.doi.org/10.11118/actaun201361020451.

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