PERFORMANCE INDICATORS AS A TOOL FOR FORMING A STRATEGY FOR SUSTAINABLE GROWTH AND DEVELOPMENT OF AN INDUSTRIAL ENTERPRISE
Rubrics: ECONOMIC THEORY
Authors:
1.
Nizhegorodskiy gosudarstvennyy pedagogicheskiy universitet im. Koz'my Minina
2.
Nizhegorodskiy gosudarstvennyy pedagogicheskiy universitet im. Koz'my Minina
3.
Nizhegorodskiy gosudarstvennyy pedagogicheskiy universitet im. Koz'my Minina
4.
Kozma Minin Nizhny Novgorod State Pedagogical University
(docent)
Type:
Article
Pages:
from 493
to 505
Status:
Published
Received:
12.01.2024
Accepted:
12.01.2024
Published:
24.09.2024
Subject area:
VAK Russia 5.2.1
UDC 331.101.3
UDC 331.101.3
Language:
Russian
Keywords:
sustainable development, strategy, performance indicators, KPI, budgeting, planning, industrial enterprise, profitability, capital
Abstract (English):
The article touches upon the topic of the relationship between the strategy of sustainable growth and development of an industrial enterprise and the performance indicators of its activities. The analysis of the problems that an enterprise may face in the way of forming these indicators is carried out. The aspects that make it possible to clearly establish the relationship between the strategic vector of development and the assessment of management effectiveness are considered. The built hierarchy of management by goals reveals the essence of performance indicators, which include both financial and non-financial indicators. Special attention is paid to the relationship between strategic goal setting and short-term planning. A detailed analysis is carried out and the essence of the impact of performance indicators of functional units on the overall result of the enterprise as a whole is revealed. The enterprise is considered as a systemically operating mechanism, for the effective operation of which, the need to manage human resources through a motivation system remains one of the most effective today.
The article touches upon the topic of the relationship between the strategy of sustainable growth and development of an industrial enterprise and the performance indicators of its activities. The analysis of the problems that an enterprise may face in the way of forming these indicators is carried out. The aspects that make it possible to clearly establish the relationship between the strategic vector of development and the assessment of management effectiveness are considered. The built hierarchy of management by goals reveals the essence of performance indicators, which include both financial and non-financial indicators. Special attention is paid to the relationship between strategic goal setting and short-term planning. A detailed analysis is carried out and the essence of the impact of performance indicators of functional units on the overall result of the enterprise as a whole is revealed. The enterprise is considered as a systemically operating mechanism, for the effective operation of which, the need to manage human resources through a motivation system remains one of the most effective today.
Keywords:
sustainable development, strategy, performance indicators, KPI, budgeting, planning, industrial enterprise, profitability, capital
sustainable development, strategy, performance indicators, KPI, budgeting, planning, industrial enterprise, profitability, capital
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