|Motivační systém jako faktor zvyšování efektivnosti podniku
|Incentive system as a factor of firm´s efficiency improvement
|E+M. Ekonomie a Management = Economics and Management. 2010, č. 1, s. 76-90.
|Technická univerzita v Liberci
|motivační program;ekonomická přidaná hodnota;chování firmy a efektivita;průzkum mezi českými firmami
|Keywords in different language:
|motivational programme;economic value added;firms behavior and efficiency;survey between czech companies
|Abstract in different language:
|The article deals with hypothesis that proper system of motivation for managers and other staff is a very strong factor of a business efficiency improvement. There is a description of some specific characteristics of manufacturing firms in conditions of “knowledge economy” and their requirements, demands on appropriate incentive system in the first part. The essence of differen- ce between “knowledge economy” and previous phases of economy development consist in new position of high educated labour, sometimes titled “knowledge workers”, mainly. They became the deciding factor of a business success and that is why they must be motivated by new ways. The authors’ believe is that such an incentive system can be developed on the bases of economic value added concept. Functional mode and advantages of the system are analyzed in next part of the paper. The main attention is devoted to verification of the hypothesis mentioned above. The verification is realized by theoretical examination and on the base of result of the survey conducted among Czech manufacturing companies. Several indicators describing various aspects of firm efficiency were computed on the base of data valuable publicly [special database of firm’s financial statements]. Using indicators counted for various groups of businesses as return on assets, return on sales, level of leverage factor, intensity of capital turnover and mainly return on equity, authors compared efficiency of users and non-users EVA concept. The respondents - users of the incentive systems based on EVA concept show better value of efficiency indicators so we can conclude that the hypothesis was verified.
|© Technická univerzita v Liberci
CC BY-NC 4.0
|Appears in Collections:
|Číslo 1 (2010)
Číslo 1 (2010)
Please use this identifier to cite or link to this item:
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.