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A system for evaluating the performance of government - invested enterprises in the Republic of Korea
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1986
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Unknown Venue
Total Quality ManagementFirm PerformancePsm PerformanceEducationPerformance MeasurementPerformance Measurement SystemsProgram EvaluationProductivityManagement EffectivenessManagementPublic EnterprisesInvested EnterprisesPerformance Evaluation SystemAccountingStrategic ManagementPerformance AnalysisPerformance MeasureBusinessBusiness Strategy
Korea is one of the few countries in the world that has a system for evaluating the performance of its public enterprises. Consequently, the paper describes this performance evaluation system for Government-Invested Enterprises (GIEs) in Korea, and discusses its potential applicability in other countries. Specifically, the paper presents the recent reform measures in the public enterprise sector, and analyzes the results of the performance evaluation of GIEs during its first two years, 1983 and 1984. The paper also discusses the major factors of achievements of the Korean system and its weaknesses, and finally attempts to draw some conclusions that could be useful for other countries which may consider adopting a similar system.