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Zarządzanie i Finanse
|
2012
|
vol. 1
|
issue 2
385-397
EN
In the article, the issues in measuring efficiency of the company using key performance indicators for construction industry. The material allows the reader to become familiar with basic concepts and assumptions about the issue in question, thus providing an introduction to further literature on techniques for assessing the efficiency of enterprises from construction industry.
EN
Central to our contribution is the notion that public organizations ongoing in performance measurement are able to create more social value by exploiting political, physical, or institutional inputs than organizations, which do not implement such organizational systems. We examine the role of organizational effectiveness concept in the contemporary thinking about management. Additionally we test how public management distinctive features affect the feasibility of the performance measurement systems. We propose that during rationalization-oriented transition performance prism, strategic planning and performance measurement, and strategic performance measurement ideas could improve organizational effectiveness in public sector, could reduce strategic restructuring and generate performance benefits. Our findings have implications for research on the value of the performance measurement in public management and contingencies of various performance measurement systems already known in private sector.
EN
Performance measurement in public organisations became widespread after the introduction of New Public Management, with its focus on the effects of public activities. Managing by results started to be used by many countries’ local government units, which began – either on their own initiative or within the framework of national systems – to define, measure and compare the efficiency of public services. European and American experiences as regards measuring the results of their activity, including the quality of public services, are plentiful and varied. This paper presents the nature of performance measurement systems at the local level functioning in a few selected European and American countries (Great Britain, France, Sweden, Italy, Spain, Germany, U.S. and Canada). The purpose of the paper is to identify the Polish experience in measuring local government performance against the background of foreign concepts.
EN
In the literature, as in practice, there are numerous models for measuring business performance but only a few of them are focused on the business processes, and have integrated process measures with strategic goals, in a way to enable companies to measure progress towards achieving business goals. This paper seeks to address these issues by proposing a new process performance measurement (PPM) model, named GPI model. Model was designed using evidence from the literature, it was tested through multiple case study research, and then it was modified and verified. The GPI model has the potential to become a useful tool for managers in several ways: firstly, the model can be used as a guidance for establishing PPM system that is aligned with strategic goals of company; secondly, the model can be used as it is, with a slight model customization; and thirdly, the universal list of Process performance indicators can be used as a source for best practice.
EN
This study attempts to explain the essence of active management and highlights trends in the investment policy of open pension funds from 2001 to 2009 in Poland. An analysis of pension fund investments leads to the conclusion that the pension fund industry is moving towards a passive management model. The results of the study produced no evidence that any of the funds could significantly beat the market average or the main stock index, nor did analysis of result repeatability bear out the existence of extraordinary skill among pension fund managers.
EN
Examining the equity part of open pension fund (OFE) portfolios in January and February 2009, this study looks at performance attribution methodology used to analyze the sources of portfolio performance against the benchmark. It found a significantly negative impact of decisions on sector allocation against the WIG index. An important contribution of the study is its comparison of results based on various attribution methods and smoothing algorithms. Special attention is paid to the differences between two fundamental approaches to the calculation and presentation of performance: arithmetic and geometric.
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