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 and Ondřej ČÁSTEK

Basic information

Original name

How to measure organizational performance in search for factors of competitiveness

Authors

POKORNÁ, Jana (203 Czech Republic, guarantor, belonging to the institution) and Ondřej ČÁSTEK (203 Czech Republic, belonging to the institution)

Edition

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

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50600 5.6 Political science

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

URL

RIV identification code

RIV/00216224:14560/13:00066085

Organization unit

Faculty of Economics and Administration

DOI

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

Keywords in English

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

Abstract

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.

Links

GAP403/12/1557, research and development project

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

Citovat

POKORNÁ, Jana and 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, vol. 61, No 2, p. 451-461. ISSN 1211-8516. Available from: 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}
}

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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 and 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, vol.~61, No~2, p.~451-461. ISSN~1211-8516. Available from: https://dx.doi.org/10.11118/actaun201361020451.

Detailed Information on Publication Record