Key performance indicators for measurement effectiveness of innovations in Czech Republic

Key performance indicators for measurement effectiveness of innovations in Czech Republic

Abstrakt

This article represents a study examining the key metrics that could serve as performance indicators with regards to the success innovation in Czech enterprises. The empirical evidence is based on a quantitative data gathered through an email questionnaire which yielded 194 qualified responses. The analysis is based on factor analysis by evaluation factorial loadings. The data are reduce into groups of variables showing similar variability and create new variables – factor indexes. These factors are put under evaluation, where coefficient Cronbach’s alpha is used to verify if the factor is applicable. Empirical evidence suggests that performance indicators such as turnover, profit, market share, total revenue from new products, operating costs, inventories of raw materials and final products are statistical significant due to the respondent answers. Results of the paper show, which indicators have become key one for Czech companies to improve success of innovations.

This article represents a study examining the key metrics that could serve as performance indicators with regards to the success innovation in Czech enterprises. The empirical evidence is based on a quantitative data gathered through an email questionnaire which yielded 194 qualified responses. The analysis is based on factor analysis by evaluation factorial loadings. The data are reduce into groups of variables showing similar variability and create new variables – factor indexes. These factors are put under evaluation, where coefficient Cronbach’s alpha is used to verify if the factor is applicable. Empirical evidence suggests that performance indicators such as turnover, profit, market share, total revenue from new products, operating costs, inventories of raw materials and final products are statistical significant due to the respondent answers. Results of the paper show, which indicators have become key one for Czech companies to improve success of innovations.

key performance indicators, innovation, strategic goals, developmnent and improvement innovations

key performance indicators, innovation, strategic goals, developmnent and improvement innovations

BUMBEROVÁ, V.; MILICHOVSKÝ, F.

2016

06.06.2015

Kaunas

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