Contemporary Approaches for Performance Measurement and Management in Japanese Companies Located in the Czech Republic

摘要

This paper deals with contemporary approaches for performance measurement and management in Japanese companies located in the Czech Republic based on the quantitative research (questionnaire survey) that was carried out in cooperation with Japanese companies that were granted (or were promised) investment incentives in the Czech Republic from April 1998 to November 2011. The main aim of the research was to find out whether Japanese companies located in the Czech Republic use similar performance measures like Czech companies located in the Czech Republic and whether performance indicators of Japanese companies in the Czech Republic achieve better results than performance indicators of Czech companies in the Czech Republic due to Japanese management practices utilized in every subsidiary of a Japanese company all over the world. The list of Japanese companies located in the Czech Republic was provided by the Czech Investment and Business Development Agency - Czechlnvest. The analyzed results of the questionnaire survey served as the basis for performance comparison (based on Return on Equity = ROE) in Czech and Japanese companies (transport equipment manufacturing sector) located in the Czech Republic and led to recommendations for companies in the field of performance enhancement. The results showed that Japanese companies in the Czech Republic use similar management tools like their Czech counterparts. However, performance indicators based on ROE showed better results in Czech companies than in the Japanese ones.