Influence of Continuous Improvement Programs on Company Performance

Paper presented at the International finance and banking conference FI BA 2014, Bucharest, Romania

Posted: 6 Apr 2014

See all articles by Milan Cupic

Milan Cupic

University of Kragujevac - Faculty of Economics

Mirjana Todorovic

University of Kragujevac - Faculty of Economics

Date Written: March 27, 2014

Abstract

The main goal of this study is to analyze the influence of continuous improvement programs on internal and external performance measures of the company, as well as on management accounting. We examine the changes in internal measures of productivity and external measures profitability after the adoption of 5S technique and employees’ training using a case study approach. We find that the continuous improvement programs contribute to improving of company performances. Also, there is a significant change in the methodology of management accounting after the implementation of continuous improvement programs.

Keywords: continuous improvements, lean, 5S, productivity, profitability

JEL Classification: M11, M41, M54

Suggested Citation

Čupić, Milan and Todorovic, Mirjana, Influence of Continuous Improvement Programs on Company Performance (March 27, 2014). Paper presented at the International finance and banking conference FI BA 2014, Bucharest, Romania. Available at SSRN: https://ssrn.com/abstract=2420448

Milan Čupić (Contact Author)

University of Kragujevac - Faculty of Economics ( email )

Djure Pucara Starog 3
Kragujevac, 34000
Serbia
+38134303500 (Phone)
+38134303516 (Fax)

HOME PAGE: http://www.ekfak.kg.ac.rs/en/node

Mirjana Todorovic

University of Kragujevac - Faculty of Economics ( email )

Djure Pucara Starog 3
Kragujevac, 34000
Serbia

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