AMT investments: Measuring and strengthening of their influence on company's performance using selected management models

Abstract

The paper shows selected management models, used together in a synergy as an effective and efficient supporting mechanism for management and performance measurement of firms exploiting Advanced Manufacturing Technologies (AMT). As a reference framework we use combination of performance management and measurement ?tools? - Balanced Scorecard (BSC), EFQM Excellence Model, Economic Value Added (EVA) and Activity Based Costing/Management (ABC/M). BSC is usually used to establish strategic goals and to find strategic hypothesis by defining cause-effect chains of those strategic goals. EVA is suggested to be used as a top target of financial perspective of BSC. EVA can show what additional value is the company capable to create by its activity in comparison with using the capital for other investment opportunity (with equal risk). An advantage of the usage of EVA is its potential for pyramidal breakdown to find the key ?value drivers?. EFQM Excellence Model provides an early ?health check? of the company´s