The role of corporate culture in performance measurement and management systems

• Published in: International journal of financial studies Vol. 8; no. 4; pp. 1 - 12
• Main Authors: Striteska, Michaela Kotkova, Zapletal, David
• Format: Journal Article
• Language: English
• Published: Basel MDPI 01-12-2020; MDPI AG
• Subjects: Behavior; Business metrics; Corporate culture; Employees; Flexibility; Management styles; Management theory; Organizational learning; Participation; Performance evaluation; Performance management; performance measurement system; performance-driven culture
• ISSN: 2227-7072; 2227-7072
• DOI: 10.3390/ijfs8040075

Recently, there has been increasing pressure to change current performance measurement and management systems from control systems to those that support learning and continuous improvement. This change requires a specific corporate culture that supports the effective operation of performance measurement and management. This paper aims to clarify the relationship between corporate culture and performance measurement and management systems. Questionnaire survey data from Czech medium and large companies were collected and analyzed by Pearson's chi-squared test to validate the proposed hypothesis. The research findings confirmed that performance measurement and management systems of companies that devoted sufficient energy and attention to performance-driven culture are more effectively developed. Analysis of different performance-driven culture attributes revealed which are the most important ones.