Modern Indicators for Performance Quantification

Indicators represent the main instruments of measuring the economic performance. Their definition emphasises the role in quantifying a phenomenon, an economic activity, etc. at one time or during their evolution. In general, these definitions treat indicators as: 1. objective data describing a phenomenon, but strictly from a quantitative point of view; 2. data rendering the true image of a phenomenon under observation; 3. figures expressing the evolution of a successful key-factor. In the economic literature and practice the concept of performance has several meanings, such as: action, the result of an activity, success. If the authors refer strictly to the economic field the concept of performance is approached under different meanings such as: return, productivity, output, economic growth. Even more, new indicators and analysis instruments appeared so as to measure the company performance that is the ability of economic agents to create value.