Value Added Intellectual Coefficient (VAIC™) as a Tool of Performance Measurement

• Autorzy: Justyna Fijałkowska
• Języki publikacji: EN

Abstrakty

EN

Measurement of the performance of organization is crucial for proper economic decisions. Traditionally, it was focused mainly on financial indicators, that in the Information and Knowledge Era are no longer sufficient and do not reflect in a transparent, complete and cohesive way the multi-dimensional outcomes of business units activities. With the increase of knowledge and other intangibles as the sources of competitive advantage and future viabilities of business units, the performance measurement process must be enlarged by new approaches and new indicators. This aim of this article is to outline the evolution of the concept of measuring the companies' performance and to present one of the methods for evaluation of enterprises' performance - VAIC ™ - which by the definition of its author should satisfy the requirements of the New Economy [Pulic 2000, pp. 702-771]. This article focuses on highlighting the characteristics of this method and the algorithm of its calculation. It also attempts to assess the VAIC™ method, indicating its validity and usefulness. The practical example of VAIC™ calculation and interpretation in Polish media sector companies is used, covering the period of analysis of 2007-2011. (original abstract)

Słowa kluczowe

EN

Accounting; Value added; Enterprise's income statement; Value Added Intellectual Coeficient (VAIC)

PL

Rachunkowość; Wartość dodana; Rachunek wyników przedsiębiorstwa; Współczynnik intelektualnej wartości dodanej

• Czasopismo: Przedsiębiorczość i Zarządzanie
• Rocznik: 2014
• Tom: 15
• Numer: z. 1 Financial Aspects of Management
• Strony: 129--140

Twórcy

autor

Justyna Fijałkowska

• University of Social Sciences, Poland

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Identyfikatory

DOI

10.2478/eam-2014-0010