Performance Measurement Methods in Business Entities

Performance Measurement Methods in Business Entities

Number 6, June 2021  »  Financial and performance management

Ioan-Codruț Țurlea, PhD
Bucharest University of Economic Studies

Abstract: This study aims to present the performance of an entity. This is tracked using indicators that show the efficiency and effectiveness of the company’s activity. Several ways of measuring performance are presented. In economic entities, in order to measure performance, it is necessary to build a performance model, collect data, analyse and interpret them, extract and communicate information. The indicators that are used by management to reflect the results of the business are performance indicators and steering indicators. Performance indicators are systematised in a dashboard that forms the basis of the analysis of the company’s activity.
Classification JEL: L25, M41 | Pages: 3-7

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