Theoretical and Applied Economics (Mar 2021)
Using of KPIs and Dashboard in the analysis of Nike company’s performance management
Abstract
The purpose of management control is to increase the motivation of managers and to create a greater convergence of objectives within an organization. It is a well-established management principle that what cannot be measured cannot be managed. However, it is equally true that what cannot be monitored cannot be well managed. This is where business dashboards come in. Living in an age of digitalization in which the world is changing and adapting to the complex systems of society, businesses must always be prepared with the tools necessary for adaptation. This article describes some important concepts in enterprise performance measurement management exemplified by Nike. In addition, a dashboard will be designed and the importance of monitoring key performance indicators will be highlighted.