Performance Management in a Period of Crisis

Remeš Daniel

Keywords:
performance management, cost of capital, financial structure, risk, crisis

Abstract:
In this article the present tools for performance management were discussed. The focus was aimed on modern tools such as economic value added and its link to concept Balanced Scorecard. In the next part the impacts of crisis on company performance were charterized. The knowledge of impacts of crisis was essential for the discussion whether the current or traditional tools suit in a period of crisis. The traditional financial methods don’t provide timely and accurate information, which is necessary for performance management. In a period of crisis it is necessary to use for success more tools, which will be able to respond on impacts of crisis. Particularly it is possible to use such tools as EVA+BSC, as calculating the costs with ABC and as risk management.

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