Ondrej Zizlavsky,

Brno University of Technology, Brno, Czech Republic

zizlavsky@fbm.vutbr.cz

THE USE OF FINANCIAL AND NONFINANCIAL MEASURESWITHIN INNOVATION MANAGEMENT CONTROL: EXPERIENCE AND RESEARCH

 Abstract. The paper deals with the issue of innovation performance measurement and management control and takes as its starting point the current state of affairs and specific conditions arising from today’s business environment. Based on the findings from long- term empirical research carried out under the auspices of the Faculty of Business and Management, Brno University of Technology and Czech Scientific Foundation it provides an overview of the issues related to innovation performance measurement and management control. On the basis of desk-based research and empirical studies, a management control system approach to innovation performance measurement suitable for Czech business environment called the Innovation Scorecard is being proposed.

Received: March, 2016

1st Revision: June, 2016

Accepted: October, 2016

DOI: 10.14254/2071-789X.2016/9-4/3

JEL Classification: C18, D22, M21, O32, P47

Keywords: financial measures, nonfinancial measures, management control, innovation scorecard.