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Development of a New Model for Performance Measurement Based on the Tool for Action Plan Selection

  • Zdravko Tesic
  • Ivana Tomic
  • Sanja CvijanovicEmail author
  • Marina Zizakov
  • Tamara Bojanic
Conference paper
  • 22 Downloads
Part of the Lecture Notes on Multidisciplinary Industrial Engineering book series (LNMUINEN)

Abstract

With the aim to present a new method for improving industrial company performances, this study will present a new model for performance measurement and management using Tool for Action Plan Selection (TAPS). As a software tool, TAPS assist managers to define goals, measure Key Performance Indicators (KPIs) and create strategic decisions. The new model defines the main functional areas of an industrial company as four sectors with KPIs are measured by sector managers and are giving general management information about their influence on the defined objective. Non-parametric statistical analysis with Wilcoxon rang test showed the difference between assessment for functional areas of general managers and average scores of KPIs for functional areas of sector managers. The research is conducted within eight international industrial companies and the results give information about the most important KPIs. The results of this research are can be used as guidelines and support for the management of international industrial companies in the process of strategic decisions making.

Keywords

TAPS Performance KPIs Measurement Management 

Notes

Acknowledgments

This paper was supported by the South Europe Transnational Cooperation Programme through the project: Danube Inland Harbour Development (DaHar), and project “Development of software to manage repair and installation of brake systems for rail vehicles”, Ministry of Science of Serbia, no. 035050.

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Faculty of Technical SciencesUniversity of Novi SadNovi SadSerbia

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