The Importance of Performance Measurement in Manufacturing Companies in Albania

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2016 (EN)
The Importance of Performance Measurement in Manufacturing Companies in Albania (EN)

Vogli, Ketrina (EN)

School of Economics, Business Administration and Legal Studies, Executive MBA (EL)
Markellos, Raphael (EN)
Leventis, Stergios (EN)

Business Project Ketrina Vogli &Juljana Lajthija - 3 - ABSTRACT The aim of this study is to examine the theory and practice of performance measurement methodology by analysing most relevant field studies which have sugested performance measurement methods. This paper uses case study methodology to evaluate utility and importance of performance measurement in business. Overall performance measurement process will be assessed starting from collection, analysis, processing and reporting data. Unity of analyse will be a company from manuf acturing industry. Both Financial and non - financial approaches are important, but to be able to build up a strategy for a long - term successful business planning, they must be considered in relation with each other. This creates the most comprehensive fra mework for performance measuring. To better illustrate this approach, we have studied the performance evaluation system in two manufacturing firms in the industry of fason shoes in Albania. We concluded in the importance of the use of balance scorecard, i n regards to this field of growing business in Albania, and accordingly gave our recommendations. The businesses involved in this research were purposely chosen, in order that one of them to represent the firm that punctually exhibit performance measuremen t framework and the other does not properly exhibit this performance evaluation. Comparative results of them enabled more sustained results and recommendations (EN)


Διεθνές Πανεπιστήμιο της Ελλάδος (EL)
International Hellenic University (EN)



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