JEFMS Journal

ABSTRACT:

The article is made on the basis of a research method to review published documents related to the current model of performance evaluation according to financial and nonfinancial factors in the world. The review process of documents on each type of effectiveness evaluation model shows that: There is a performance evaluation model based solely on the financial factors of the entity, there are a number of models that allow performance evaluation based on both financial and non-financial factors to assess the overall performance of an organization. At the same time, the research has analyzed and pointed out the advantages, applicability and certain limitations of each model. From there, the article gives some discussion to consider the suitability of each performance evaluation model for different types of organizations. These are also recommendations for managers in each type of organization to choose to apply an appropriate model to achieve their organization's goals.

KEYWORDS:

Organizational performance, Performance assessment, Performance model.

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