Abstract
In the conditions of the transition to innovative development and digital economy, the unconditional priority is shifted to restoration and transformation of high-tech enterprises. The stability of their strategic developing greatly depends on the efficiency of their business activity and the system of the enterprise strategic management. This article defines the basic performance indicators of high-tech enterprises, the particular features of the system to evaluate the efficiency of strategic management of a high-tech enterprise: innovative, scientific-technological and intellectual potential. On the basis of the analysis of the methods widely used all over the world, we developed a system key performance indicators to evaluate the efficiency of high-tech enterprises, with consideration of particular features of operation and development of high-tech enterprises, to enable evaluating the efficiency of their business activities and management through analyzing the inter-related financial and non-financial performance indicators. The practical implementation of this system will make it possible for high-tech enterprises to form a data base for making strategic solutions to ensure competitive advantage of these enterprises and, as a consequence, facilitate their steady development.
Highlights
In the conditions of the transition to innovative development and digital economy, the unconditional priority is shifted to creating and developing new technologies, restoration and transforming high-tech industrial enterprises, as well as ensuring their steady strategic development aimed at manufacturing innovative product
With the general theoretical comprehension of the usefulness of a modern system of performance indicators to evaluate the efficiency of the enterprise management, the content and the selection criteria of performance indicators, as well as the calculation methods proposed by authors of research works are quite various, which emphasizes the importance of this topic and highlights the perspectives and the direction of further scientific research
One of the most widely used methods to evaluate the efficiency of strategic management of financial and business activity are as follows: performance indicatorsEVAto evaluate the increase in the price of the capital; a system of balanced performance indicators (BSC) [1]; key performance indicators of efficiency developed by David Parmenter(KPI) [2]; multi-factormodelsDuPont [3] and some others
Summary
In the conditions of the transition to innovative development and digital economy, the unconditional priority is shifted to creating and developing new technologies, restoration and transforming high-tech industrial enterprises, as well as ensuring their steady strategic development aimed at manufacturing innovative product. Such enterprises cannot find solutions to these tasks without creating a system of informational-spatial strategic milestones and implementing up-to-date evaluation tools. The purpose of the research is theoretical-methodological substantiation and development of practical recommendations for forming a system of key performance indicators to evaluate the efficiency of management of high-tech enterprises in four most important strategic perspectives (customers, finance, internal processes and workforce) on the basis of the approaches used worldwide. One of the most widely used methods to evaluate the efficiency of strategic management of financial and business activity are as follows: performance indicatorsEVAto evaluate the increase in the price of the capital; a system of balanced performance indicators (BSC) [1]; key performance indicators of efficiency developed by David Parmenter(KPI) [2]; multi-factormodelsDuPont [3] and some others.
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