Managing with the business performances through application of business intelligence

Davcev, Ljupco (2012) Managing with the business performances through application of business intelligence. Conference proceedings, First International Conference for Business, Economy and Finance- ICBEF 2012. pp. 152-160. ISSN 978-608-4504-88-7


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Managing business performance is actually a set of integrated analytical processes which using technology is directed towards financial and operational activities in a company. The creation and management of business development performance is not a simple onetime process. The emergence of new technologies and changes in company objectives that go along with contemporary economic trends have a huge impact in the management of companies. Managing business performance influences the process of reducing costs, increasing revenues and strengthening the competitive advantages of companies. This can be implemented using the technologies of business intelligence. Along with setting the basics of business performance management, it is necessary to precisely define the key performance indicators. Balanced scorecard in turn provide a framework for organizing strategic objectives in four different fields, namely financial, customer, internal business processes and development. This paper is the beginning and giving directions to the ways of implementation of business performance management in software tools, where using the balanced scorecard will overcome difficulties with the management of data related to indicators of performance that the company collected from different sources.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Ljupco Davcev
Date Deposited: 11 Aug 2014 08:26
Last Modified: 11 Aug 2014 08:26

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