Time Parameters in the Context of Performance Management
The article considers the problem of the use and accounting of the time factor in achieving and assessing the effectiveness of the organization. It focuses on the strategic importance of the time variable in today\'s competitive environment. The possible use of the time characteristics of the management efficiency was given. The article examines the impact in relation to performance indicators, thus addresses the issue of finding the optimal ratio between the achievement of the final result and the efficiency of internal processes. The definition of performance is provided, taking into account the time factor. It is argued that in order to achieve short-term and long-term effectiveness of the organization its effectiveness should be balanced over time. In this connection the ranges of effectiveness over time were determined, which can be used for both the organization and for the units or employees.