Enterprise Performance Management Research Articles

Navigating Challenges in Chinese Enterprise Management: A Focus on Budgeting and Performance Evaluation

In the ever-evolving landscape of global economic integration, comprehensive budget management and performance evaluation have emerged as critical tools for enhancing enterprise efficiency and fostering development. However, Chinese enterprises face challenges in breaking through existing management bottlenecks, hindering innovation and leading to phenomena of rapid growth followed by swift decline. This paper aims to address these challenges by exploring the relationship between budget management and performance appraisal, highlighting their vital role in enterprise total value management. By aligning budgeting with strategy and operations and establishing fair performance evaluation systems, organizations can cultivate environments conducive to internal competition, fostering a corporate culture replete with entrepreneurial and innovative spirit. The study analyzes existing issues in current budget management and performance appraisal, such as imperfect systems, rigid practices, and talent shortages, proposing strategies to strengthen enterprise budget and performance management. These strategies include enhancing organizational structures, integrating resources with strategic focus, strengthening PDCA cycles, and establishing effective assessment mechanisms. By leveraging cloud platforms and big data, and actively pursuing legislative reforms, enterprises can optimize their budget management and performance evaluation systems, ultimately driving sustained growth and competitiveness in dynamic market environments.

Research on the Application of Manager's Psychological Capital in Enterprise Performance

In the contemporary era, as competition among businesses intensifies, innovation and development in enterprise performance management are becoming increasingly crucial. Continuously enhancing employees' professional knowledge and skills not only improves their work capabilities but also boosts organizational performance, aiding companies in achieving sustainable development. Psychological capital, the latest theory in contemporary management science, transcends human and social capital, possessing characteristics of originality and forward-thinking. Managers, in their daily work, directly influence the attitudes and behaviors of their team members through formal or informal guidance and supervision. Creating a psychologically conducive environment, characterized by happiness, fulfillment, and belongingness, can positively and significantly impact managerial behavior, thus maximizing organizational effectiveness and managerial performance. Historically, businesses have prioritized employee performance management in human resources management processes, often neglecting the psychological needs of managers, thereby hindering the effective implementation of many incentive measures. Therefore, this study explores three dimensions of psychological capital and organizational performance, constructing a relevant structural equation model. By employing theoretical and empirical analysis methods, it validates the positive influence of psychological capital on organizational performance, providing insights into the impact of managerial psychological capital on organizational performance and actively contributing to the realization of corporate strategic objectives.

Mediation of competitive advantage between strategy management practices and organizational performance

This study aims to investigate the impact of competitive advantage as a mediator between organizational performance and strategy management in enterprises located in Faridabad. Using a well-designed questionnaire and convenient sampling, data is gathered from 200 Faridabad-based businesses. Amos 21 and SPSS 21 are used for data analysis. Strategy management practices significantly impact organizational performance in direct analysis. Competitive advantages have a significant impact on organizational performance, and strategy management practices have a significant impact on competitive advantages in the indirect effect. However, there is no significant relationship between strategy management practices and organizational performance. It is revealed that completive advantages fully mediate between strategy management practices and organizational performance. Subsequent studies may employ qualitative research methods to investigate additional pertinent variables. It is implied that strategy implementation and assessment are critical to improving performance and giving Faridabad-based businesses a competitive edge.

The Evolution of Workplace Diversity and its Impact on Organizational Success: A Comprehensive Examination of Diversity Management Strategies

Purpose: The manufacturing industry in India is one of the largest sectors and it is continuously attaining growth and development. As focused by the NMCC (National Manufacturing Competitiveness Council, it is put to contribute 25% to the GDP by the year 2025 compared to the recent share of almost 16%. Particularly, the industry contributed 66% to the exports of the nation in FY11 and has been reinforcing at a CAGR of 20% in the past five years. Manufacturing holds a major position in the economy of the country, India, reporting for almost 16% of actual GDP in FY12 and employing nearly 12% of the labour force of India. The growth and development in the industry have been matching a very strong rate in the whole growth and development of the GDP in the past few years (India Brand Equity Foundation, n.d). At present, India is the biggest producer of chemical products, basic metals, textiles, pharmaceuticals, electrical machinery, and general machinery and equipment. Design: This research adopted the conceptual research by using a descriptive research design. Secondary data has been collected and analyzed to find out the factors affecting the manufacturing industry. This will help them to cope with the work environment and to effectively handle different situations. Findings: The findings from studies on Leveraging a comprehensive exploration, study delves into the profound impact of Human Resource Management (HRM) on Enterprise Performance in the Manufacturing Sector. Findings illuminate HRM's pivotal role in shaping Enterprise Performance Management (EPM), demonstrating a direct correlation between strategic HR practices and heightened organizational effectiveness. The research underscores the nuanced ways in which HRM practices contribute to enhanced productivity, workforce engagement, and overall operational efficiency within manufacturing enterprises. As organizations align HR strategies with EPM goals, the symbiotic relationship emerges as a critical catalyst for sustained growth and success in the dynamic manufacturing landscape. Originality/Value: This study includes a detailed analysis of the Evolution of Workplace Diversity and its Impact on Organizational Success: A Comprehensive Examination of Diversity Management Strategies Paper type: Conceptual Research

Exploring the Optimisation of Enterprise Performance Management in the Context of Artificial Intelligence

The impact of artificial intelligence on enterprises has gradually penetrated the human resource management of enterprises, and artificial intelligence is accelerating the excess of traditional human resources to predictive human resources, which also requires more talents in the field of artificial intelligence to devote themselves to enterprises. Through literature review and relevant cases, this paper finds that the current enterprise performance management has the problems of backward performance appraisal methods, lack of effective performance communication, and insufficient use of performance evaluation results. It is found that with the help of AI, enterprises can use big data and algorithms, enterprises can establish a more scientific performance management system, use AI to select appropriate performance management tools, and finally get effective performance appraisal results. Enterprises can use AI coaching and transparent performance feedback to promote performance communication and make performance results can play a role in promoting employee performance improvement. This paper concludes that the reasonable use of AI by enterprises can solve many existing problems of their performance management and can save time and labor costs for enterprises. Therefore, enterprises need to seize the opportunities brought by AI and pay attention to the research of AI technology to help improve performance management.

Retracted: Enterprise Performance Management following Big Data Analysis Technology under Multisource Information Fusion

Retracted: Enterprise Performance Management following Big Data Analysis Technology under Multisource Information Fusion

Management Consulting in the Artificial Intelligence – LLM Era

Abstract Management Consulting is one of the oldest and most well-established professional services across the world. Consultants have developed subject matter expertise and competency in a variety of areas such as General and Strategic Management, Financial Management, Marketing & Distribution Management, e-Business, Operations Management, Human Resource Management, Knowledge Management, Enterprise Performance Management, Business Transformation, Quality Management, and Information Technology. Information Technology as a discipline has evolved rapidly in the last three decades with software development paradigms and the advancement in artificial intelligence (AI) and machine learning (ML) technologies. The space of AI & ML technologies is rapidly evolving, impacting the way insights are arrived at, how decisions are taken, organization models, and organization structures. This article explores the challenges, new opportunities and potential changes to the ways of working for management consultants given the developments in AI, particularly with large language models.

ОБҐРУНТУВАННЯ ФАКТОРІВ, ЩО ВПЛИВАЮТЬ НА ЕКОНОМІЧНУ ЕФЕКТИВНІСТЬ ПІДПРИЄМСТВ ХІМІЧНОЇ ГАЛУЗІ

The article highlights the issue of substantiating the factors of performance management of chemical enterprises and is defined as a process supported by software for planning, reporting and business analytics, which allows an organization to link its strategy with planning and execution. The modern approach was implemented many years ago and incorporates past, present and forward-looking information – in addition to business drivers – for a more comprehensive method of financial and operational planning. Some of the key components of the systems include planning, budgeting and forecasting capabilities, as well as the ability to track performance indicators, conduct analysis and manage reporting. Performance management processes for chemical companies also cover the financial close, consolidation and reporting process for better understanding. Because of this, such a situation makes it necessary to improve the efficiency of chemical industry enterprises. This is a key condition for ensuring long-term development, competitiveness and investment attractiveness of enterprises, which in the context of economic development is one of the most urgent tasks facing all enterprises in this industry. Analysis of the economic activity of the enterprise allows to answer many questions related to the efficiency of the enterprise. This process includes researching information about finances, product delivery, internal processes, and other key aspects of the business. The substantiation of factors of economic efficiency of the activity of the enterprise of the chemical industry makes it possible to achieve the maximum result from a limited number of resources. Purposeful actions with maximum results are considered the most important task for managers of any enterprise. Analysis of the economic activity of enterprises in the chemical industry is the first and most important task that must be solved in order to find ways to increase the efficiency of activity. The study and formation of the theoretical essence of the concept of "enterprise activity efficiency" is expedient for further formation and scientific substantiation of the concept of modern activity efficiency of enterprises in the chemical industry.

The Significance and Influence of Human Resource Management (HRM) on Enterprise Performance in the Manufacturing Sector: An In-Depth Analysis of Enterprise Performance Management (EPM) Impacts

Purpose: Manufacturing industry in India is one of the largest sectors and its continuously attaining growth and development. As focused by the NMCC (National Manufacturing Competitiveness Council, it is put to contribute 25% to the GDP by the year 2025 compared to the recent share of almost 16%. Particularly, the industry contributed 66% to the exports of the nation in FY11 and has been reinforcing at a CAGR of 20% in the past five years. Manufacturing holds a major position in the economy of the country, India, reporting for almost 16% of actual GDP in FY12 and employing nearly 12% of the labour force of India. The growth and development in the industry has been matching a very strong rate in the whole growth and development of the GDP in the past few years (India Brand Equity Foundation, n.d).At present, India is the biggest producer of chemical products, basic metals, textiles, pharmaceuticals, electrical machinery and general machinery and equipment. Design: This research adopted the conceptual research by using a descriptive research design. Secondary data has been collected and analyzed to find out the factors affecting the manufacturing. industry. This will help them to cope with the work environment and to effectively handle different situations. Findings: The findings from studies on Leveraging a comprehensive exploration, the study delves into the profound impact of Human Resource Management (HRM) on Enterprise Performance in the Manufacturing Sector. Findings illuminate HRM's pivotal role in shaping Enterprise Performance Management (EPM), demonstrating a direct correlation between strategic HR practices and heightened organizational effectiveness. The research underscores the nuanced ways in which HRM practices contribute to enhanced productivity, workforce engagement, and overall operational efficiency within manufacturing enterprises. As organizations align HR strategies with EPM goals, the symbiotic relationship emerges as a critical catalyst for sustained growth and success in the dynamic manufacturing landscape. Originality/value: This study includes a detailed analysis of the Significance and Influence of Human Resource Management (HRM) on Enterprise Performance in the Manufacturing Sector: An In-Depth Analysis of Enterprise Performance Management (EPM) Impacts. Paper type: Conceptual Research.

A Flavonoid-rich Fraction of Alternanthera pungens Ameliorates Hyperglycaemia -mediated Memory Dysfunction in Diabetic Rats

The central nervous system (CNS) undergoes alterations due to persistent hyperglycemia and cholinergic dysfunction, leading to cognitive impairment associated with diabetes (T2DM). Animal studies have shown that acetylcholinesterase (AChE) inhibitors and anti-diabetics are effective. Considering the impressive potential of natural products in treating DM and AD, the present research set out to assess the neuroprotective effects of a methanolic extract of Alternanthera pungens (MEAP) against cognitive impairment in mice caused by hyperglycemia. Hence, we used the mobile workforce management (MWM) and enterprise performance management (EPM) assays to analyze for cognitive impairment in diabetic rats. 30 days after the initiation of T2DM, rats had hyperlipidemia, increased escape latency in EPM tasks, and decreased time spent in the TSTQ during probe trials in the MWM. They also displayed notable and persistent hyperglycemia throughout training trials. Changes in blood glucose, lipid, and liver profiles, as well as performance in MWM and EPM tests, were averted in STZ-induced T2DM rats treated with MEAP (200 and 400 mg/kg). In a separate series of experiments, flavonoids (i.e., quercetin and rutin) were detected by the standardization of the extract using high performance thin layer chromatography (HPTLC). Inhibitory actions against alpha-amylase and alpha-glucosidase demonstrate that both of these flavonoids are potent antidiabetic agents that reduce intestinal glucose absorption. Lastly, the inclusion of these flavonoids in the extract from A. pungens is responsible for its action, suggesting that it may provide a novel strategy for preventing cognitive deterioration in diabetes.

Sustainable performance management in the EU SME sector. A review and analysis of concepts and methods of strategic management accounting

Purpose: The paper’s main objective is to structure the knowledge of the existing regulatory frameworks, projects and actions that support sustainable performance management (SPM) in small and medium-sized enterprises (SMEs) against the backdrop of the growing significance of the circular economy. The paper will also evidence how strategic management accounting (SMA) assists this process, what individual metrics, dashboards or scorecard concepts have been proposed and how their use may be assessed. Methodology/approach: The research methods include (1) a descriptive systematic analysis of the policies established by the policymakers and regulators in the EU, (2) a comparative analysis of various organisations’ initiatives, actions, delivered toolkits and their outputs, and (3) a literature review of the essential works and research studies on sustainable business models (SBMs), circular business models (CBMs) and SPM in the context of SMEs. Findings: The policies established in the EU support SPM by encouraging SMEs to be involved in sustainable business practices and indicating how to embark on a green transition. Recently, multiple initiatives have been aimed at indicating the opportunities the closed-loop economy system offers SMEs. Many toolkits have also been developed to help SMEs measure their sustainable performance. Although this measurement is vital for SMEs, the business practice falls behind the regulatory framework. Therefore, internal initiatives from the SME sector are needed to popularise the sustainability concept. Research limitations/implications: SMEs show lower levels of compliance with environmental requirements and are unaware of how their activities affect the environment. A limitation of the research is that, in many cases, SMEs are not ready to respond properly to the ESG requirements imposed by regulators. The reason may be a lack of knowledge, experience and limited funds. Therefore, future research should focus on recognizing the gaps in this area and identifying what may be impeding the development of sustainability performance management in SMEs. Originality/value: The work presents the evolution path from the traditional business models (TBMs) through the SBMs to innovative CBMs and addresses their distinctive features. It contributes to the existing knowledge about SMA in SMEs by analysing its links with SPM.

Retracted: Enterprise Management Performance Evaluation Model Using Improved Fuzzy Clustering Algorithm in IoT Networks

Retracted: Enterprise Management Performance Evaluation Model Using Improved Fuzzy Clustering Algorithm in IoT Networks

Strategic Performance Management Based on Cigarette Production and Operation Big Data

Abstract The traditional strategic performance management of cigarette enterprises is not sufficiently comprehensive and objective. This paper constructs a big data model of cigarette production and sales by collecting production and operation data, using the primary sliding average method of time series analysis to forecast the short-term sales of cigarettes, and combining it with the coefficient of the dynamic sales ratio. The operational big data is applied to strategic performance management under the balanced scorecard, and the performance management index system is constructed with strategic orientation in mind. Based on the production and sales data of Cigarette Factory S, the weights of the indicators are determined and applied to the empirical study. The scores of the indicators of finance, customer, internal operation learning and growth of Cigarette Factory S are 78.14, 82.29, 87.07 and 81.68, respectively. The performance management system of the Cigarette Factory under the strategic orientation is feasible.

A Review of Performance Management in State-owned Enterprises and Private Enterprises in China

In order to improve profits, the theory of enterprise performance management has formed a corresponding theoretical framework and system. Enterprises can improve performance management methods based on their own situation. This research compares the differences between state-owned enterprises and private enterprises through literature review. The existing papers mainly focus on performance feedback and communication mechanisms, the application of performance management and corporate strategy, and the enthusiasm of employees to participate in performance management. The existing papers mainly focus on performance feedback and communication mechanisms, the application of performance management in line with company strategies, and the initiative of employees to participate in performance management. Neglecting the specific role of state-owned enterprises and not combining performance management with their social responsibility. In addition, the imperfect performance indicator system has also led to the problem of not being greatly influenced by subjective factors within the enterprise. The accuracy of performance evaluation in many enterprises is often influenced by human factors. The design of performance management evaluation indicators is not scientific, the evaluation is unfair, the concept of human resource management is lack of correctness, strategic planning, single evaluation results, ineffective use, lack of follow-up, and frequent communication in performance management; The recruitment and allocation of personnel are unreasonable, the construction of the management system is highly arbitrary, and there is a significant subjective bias in performance evaluation.

Corporate performance management model based on CPS evaluation system

Abstract This paper proposes an enterprise performance management model based on the CPS evaluation system to improve the efficiency and efficiency of enterprises. First, this paper explains the connotation of the CPS evaluation system and constructs an enterprise performance evaluation model. The index data is normalized, and the index weights are calculated using Delphi and entropy methodsthod so that the indexes are scored comprehensively. Then the enterprise performance management system was established, and the assessment criteria for each department of the enterprise, including the finance and production departments, were established. Finally, the management effect of this performance management model was analyzed in terms of enterprise profit and return rate. In terms of enterprise profit, the enterprise’s net profit was between 700,000 and 800,000 in the five months before the adoption of this method, while the profit of the enterprise was basically above 800,000 and increased month by month after the adoption of this system. In terms of payback rate, the payback rate fluctuated around 60% before the adoption of the evaluation system, but after the adoption, the payback rate of the enterprise was above 70% and showed an increasing trend. The enterprise performance management mode based on the CPS evaluation system can improve the efficiency of the enterprise, which proves the reliability of the method of this paper.

ESG Information Disclosure and Corporate Earnings Management——Research on the Moderating Effect Based on Media Attention

ESG information disclosure includes environmental conservation, social responsibility and corporate governance. It concerns the sustainable development of the company. The internal relationship between ESG disclosure level and earnings management and its action mechanism is an urgent problem to be solved. This paper takes A-share listed companies in Shanghai and Shenzhen from 2009 to 2021 as the research object to empirically study the correlation between ESG disclosure and corporate performance management. While introducing media attention as a moderating variable, we will empirically study the moderating effect of media attention on the relationship between ESG disclosure and enterprise performance management. The empirical results show that: (1) there is a negative correlation between the level of ESG disclosure and earnings management, that is, the higher the level of ESG disclosure, the lower the level of earnings management; (2) Media attention makes up for the gap caused by the lack of ESG information disclosure. In companies with low media exposure, ESG disclosure has a more significant deterrent effect on corporate performance management. The research in this paper reveals the governance effect of ESG information disclosure on corporate earnings management, verifies that ESG information has the effect of transmitting higher quality earnings information, and provides a reference for the research on ESG information disclosure in China.

Driving sustainable and competitive transition in enterprise performance management and measurement: The changing role of women in the Japanese labour market

ABSTRACT. The objective of this paper is to examine the relationship between sustainable and competitive transition in enterprise performance management and measurement and the changing role of women in the Japanese labour market. The work correlates the proportion of female employees in leadership positions in relation to the sector type, firm age, profits and encouragement of women’s participation in the labour force over six significant periods. The study also examines correlations between the encouragement of women’s participation in the labour force and high productivity, improvement of work-life balance and higher integration of female staff in the workforce. A questionnaire survey was conducted in 152 Japanese companies as part of the research. Non-parametric tests and exploratory data analysis were used for evaluation. The linear-by-linear test was applied to ordinal categories to determine the trend between the proportion of female employees in leadership positions and the encouragement of women’s participation in the labour force. The results indicate that partial changes have occurred as far as women in the Japanese labour market are concerned and confirm that working women are faced with persistent obstacles in terms of higher integration of female staff in the workforce and improvement of work-life balance. A future research direction worth considering is a study focused on other countries in Asia, comparing the findings with this paper.

Sustainability Analysis of Enterprise Performance Management Driven by Big Data and Internet of Things

Today’s society has entered the information technology era as early as possible. The Internet of Things (IoT) technology and big data (BD) technology are the products of this era and are also important features of the new era. Today, when various fields enter the era of great integration, the Internet of Things and BD analysis technology are of great significance to the development of traditional enterprises, and also herald the arrival of the era of intelligence. Performance management plays an important role in modern enterprise management, especially in small and medium-sized enterprises. Through the implementation of performance management, it can effectively promote the development of enterprises and enhance their vitality. Based on this, this paper discusses the application of the Internet of Things and its BD analysis technology in the enterprise performance management system (PMS) and the sustainability of this application. At the same time, this paper conducts relevant empirical analysis, and the results show that the standardized path coefficient value (FP) of BD capability to financial performance is 0.421. The p value of the significance test was 0.008, which was less than 0.05, indicating that BD capability has a significant impact on the FP of enterprises. The standardized path coefficient value of the IoT on FP was 0.387, the significance test p value was 0.007, and the p value was less than 0.05, indicating that the IoT has a significant impact on the FP of enterprises.

The effect of state capital injection on firms’ pollution emissions: Evidence from China

Existing research on state capital injection (SCI) has not yet explored its environmental effects. Using Chinese firm level data and the difference-in-difference estimator, we estimated the effect of SCI on firms' sulfur dioxide (SO2) emissions. The results show that the SCI reduced firms’ SO2 emissions significantly but have no effect on SO2 emissions intensity. Moreover, robustness tests show that SCI also reduced the emissions of industrial exhaust and chemical oxygen demand but not their emissions intensity. Further analysis reveals that the abatement effects of SCI are at the expense of capacity utilization reduction and then the sacrifice of economic output, thus failing to achieve a win-win situation for both pollution abatement and economic benefits. Firms accepting SCI do not significantly increase their use of pollution treatment technologies, either source control technologies or end-of-pipe treatment technologies. The reason may be that after accepting SCI, firms are required to take on more environmental social responsibility and are under higher pressure of pollution abatement. However, their managers may be more inclined to respond to environmental regulation and pollution control through non-market-based approaches rather than through technological innovation. In addition, heterogeneity analysis shows the pollution abatement effect of SCI only exists in small or lower administrative hierarchy firms. This study has shed some lights on the reform of the environmental regulatory system and the environmental performance management of state-owned enterprises.

Analysis of COVID-19's Influence on Enterprise Management Performance

COVID-19 outbreak in early 2020 had a serious impact on the management performance of enterprises because of the long incubation period and strong infectivity of Covid-19. Taking the listed companies covered by domestic CSI 500 Index and US S&P 500 Index from 2018 to 2020 as the research object, this article makes a comparative study on the impact of sudden COVID-19 epidemic on the operating performance of listed companies and its action path. The results show that the epidemic situation has a negative impact on business performance by reducing the asset utilization efficiency of enterprises and increasing the comprehensive cost rate; Domestic epidemic prevention policies have promoted the improvement of business performance, and the impact of domestic enterprises on the epidemic situation will be less than that of the United States in 2020; In addition, the extent to which enterprises are affected by the epidemic is closely related to their industries, the nature of property rights and the degree of epidemic prevention and control in their regions. This study extends the analysis of influencing factors of business performance to the field of public health, reveals the path of public health events' influence on business performance, and provides reference for improving business performance during the epidemic period.