Vol.12, No.3, August 2023.                                                                                                                                                                               ISSN: 2217-8309

                                                                                                                                                                                                                        eISSN: 2217-8333


TEM Journal



Association for Information Communication Technology Education and Science

Model of Performance Measurement and Management System in “The Visegrad Group”


Katarína Teplická, Soňa Hurná


© 2023 Soňa Hurná, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)


Citation Information: TEM Journal. Volume 12, Issue 3, Pages 1618-1626, ISSN 2217-8309, DOI: 10.18421/TEM123-43, August 2023.


Received: 16 March 2023.

Revised:   06 July 2023.
Accepted: 19 July 2023.
Published: 28 August 2023.




This article summarizes the model of the performance measurement and management systems in Industry 4.0. in the Visegrad Group (V4) countries. The main goal of the research is to suggest a Performance model and management system model (PMMS). Methods of research were focused on using the questionnaires method with the Dillman method and five research questions (RQ1-RQ5). The object of research comprised of 60 industrial V4 companies with the direction of law form, count of the employee, revenues, and type of industry. The return of the questionnaire was 49 respondents of 60 respondents - companies. 42 companies monitor financial performance and 40 companies’ employee performance. Information sources for measuring performance are information systems that are use 39 companies and 39 companies use financial statements. 19 companies use less than 10 KPIs, and 28 companies monitor KPIs throughout the year. The new model of performance measurement and management system in Industry 4.0 is a competitive advantage in the global market and in the hyper-competitiveness environment.


Keywords –Performance management model, barriers, efficiency, costs, competitiveness.



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