Influence of business performance measurement systems and corporate sustainability concept to overal business performance: “save the planet and keep your performance”

Abstract

Nowadays the dissatisfaction with only fi nancial indicators has led to a focus on non-traditional
\nareas of performance measurement as Balanced Scorecard, environment indicators and others.
\nMoreover many recent studies has focused on the corporate sustainability concept and performance
\nmeasurement interconnection. The aim of this paper is to identify the relationship between
\nselected management tools and concepts of various development phases of strategic performance
\nmeasurement systems to overall business performance measured by indicator ROE. Similarly the
\naim is to identify the relationship between the sustainability index and indicator ROE as a key
\naspect in terms of the current climate crisis. Our most important fi ndings bring new information and
\nknowledge for the strategic transformation from traditional business performance measurement
\nsystem to strategic and sustainable performance measurement system. Specifi cally we found out
\nthat the BSC methodology has a demonstrable impact on the business performance. Also KPI
\nsystem and orientation on the environment affect the performance of enterprises. In the case that
\ncompanies do not have the knowledge information system as a complex system and do not take
\ninto account its implementation they tended to have a lower level of performance. This means that
\nthe BI knowledge information system has a major impact on business performance. Regarding to
\nthe corporate sustainability concept we can confi rm that the direct moderate correlation is apparent
\nbetween economic sub-index and also composite index of sustainable development and indicator
\nof ROE. The connection of environmental and social sub-index separately to ROE had not been
\nshown suffi ciently. Based on results we can conclude that the index of sustainable development
\nis a challenge for enterprises refl ecting a growing need for change purely short-term oriented,
\nconsumerist patterns of production and consumption.