APPLYING THE PRINCIPLES OF NEW PUBLIC MANAGEMENT TO MEASURE THE PERFORMANCE IN EDUCATION – VALUE FOR MONEY
Jana Štrangfeldová
Štefan Hronec
Jana Hroncová Vicianová
Nikola Štefanišinová
Matej Bel University in Banská Bystrica, Faculty of Economics, Department of Public Economics and Regional Development, Tajovského 10, 975 90 Banská Bystrica, Slovakia
DOI: https://doi.org/10.31410/Balkans.JETSS.2019.2.1.50-57
Jana Štrangfeldová
Štefan Hronec
Jana Hroncová Vicianová
Nikola Štefanišinová
Matej Bel University in Banská Bystrica, Faculty of Economics, Department of Public Economics and Regional Development, Tajovského 10, 975 90 Banská Bystrica, Slovakia
DOI: https://doi.org/10.31410/Balkans.JETSS.2019.2.1.50-57
Balkans Journal of Emerging Trends in Social Sciences, (2019) , Vol 2, No 1
ISSN: 2620-164X
ISSN: 2620-164X
Abstract: Education is a key area, the results of which play an important role in the development of each society. The role of education focused on the inclusion of children into school groups, to prepare students to enter the labour market or continue their studies in the context of tertiary education is a sufficient argument to enable beginning to look for answers and possible solutions to the difficult question of the quality of schools. Constant pressure from the public forces them to monitor and improve the provision of public services, and continually enhance their own performance in order to achieve long-term existential security. These facts consequently require a comprehensive measurement of their performance. This opens up opportunities for applying the concept of Value For Money based on the principles of New Public Management. The purpose of the scientific study is to show the potential uses of Value for Money on the example of education. The suggestion of methodology of VFM to measure the performance in education presented in this study shows possibilities to measure, evaluate, monitor and achieve necessary and especially relevant information about the situation of education and subsequent decision-making not only for public forces, but also, it can be the suitable tool for public grammar schools themselves. The article is co-financed by the project VEGA 1/0651/17.
Keywords: Efficiency, Economy, Effectiveness, Value for Money, Education
JEL Classifications H750 ∙ I210 ∙ I220
REFERENCES
Keywords: Efficiency, Economy, Effectiveness, Value for Money, Education
JEL Classifications H750 ∙ I210 ∙ I220
REFERENCES
- Ariste, R., Di Matteo, L. (2017). Value for money: an evaluation of health spending in Canada. International Journal of Health Economics and Management, 17(3), 289-31. doi.org/10.1007/s10754-016-9204-6
- Brignal, S., Modell, S. (2000). An institutional perspective on performance measurement and management in the „new public sector”. Management Accounting Research, 11(3), 281-306. doi.org/10.1006/mare.2000.0136
- Coates, H. (2009). What’s the difference? A model for measuring the value added by higher education in Australia. Higher Education Management and Policy, 21(1), 69-88. doi.org/10.1787/hemp-v21-art5-en
- Dolton, P., Marcenaro Gutiérrez, O., Still, A. (2014). The efficiency index: which education systems deliver the best value for money? (Project Report). GEMS Education Solutions, London. Retrieved from http://sro.sussex.ac.uk/63813/1/The%20Efficiency%20Index.pdf.
- Hudson, M., Smart, A., Bourne, M. (2001). Theory and practice in SME performance measurement systems. International Journal of Operations & Production Management, 21(8), 1096-1115.
- Ittner, C. D., Larcker, D. F. (2003). Coming up short on nonfinancial performance measurement. Harvard Business Review, 81(11), 88-95.
- Johnston, R., Pongatichat, P. (2008). Managing the tension between performance measurement and strategy: coping strategies. International Journal of Operations & Production Management, 28(10), 941-967. doi.org/10.1108/01443570810903104
- Kalubanga, M., Kakwezi, P. (2013). Value for Money Auditing and Audit Evidence from a Procurement Perspective - A Conceptual Paper. International Journal of Advances in Management and Economics, 2(5), 115-124.
- Keraudren, P., Mierlo, H. (1997). Teórie reformy verejnej správy a ich praktické uplatnenie. In Coombes, D., Verheijen, T. (Eds.), Reforma verejnej správy. Porovnanie skúsenosti východu a západu. Bratislava, Slovak Republic: NISPAcce.
- Kuwaiti, M. E. (2004). Performance measurement process: definition and ownership. International Journal of Operations & Production Management, 24(1), 55-78. doi.org/10.1108/01443570410510997
- Lane, J. E. (2000). New Public Management. London, England: Routledge.
- Mikušová Meričková, B., Šebo, J., Štrangfeldová, J. (2011). Základy verejných financií. Brno, Czech Republic: Rašínova vysoká škola.
- Neely, A., Austin, R. (2002). Measuring performance: the operations perspective. In Neely, A. (Ed.), Business Performance Measurement, Cambridge, England: Cambridge University Press.
- Nemec, J., Wright, G. (1997). Verejné financie. Teoretické a praktické aspekty verejných financií v procese transformácie krajín strednej Európy. Bratislava, Slovak Republic: NISPACee.
- Smith, P. C. (2009). Measuring value for money in healthcare: concepts and tools. Centre for Health Economics, University of York. Retrieved from http://www.health.org.uk/sites/health/files/MeasuringValueForMoneyInHealthcareConceptsAndTools.pdf.
- Stankovičová, I., Vojtková, M. (2007). Viacrozmerné štatistické metódy s aplikáciami. Bratislava, Slovak Republic: Iura Edition.
- Šebo, J., Vaceková, G. (2011). Dynamika výkonnosti neziskových organizácií poskytujúcich všeobecne prospešné služby na Slovensku. In Bíla místa teorie a černé díry reforem ve veřejném sektoru III. Banská Bystrica, Slovak Republic: Univerzita Mateja Bela, Ekonomická fakulta.
- Wouters, M., Sportel, M. (2005). The role of existing measures in developing and implementing performance measurement systems. International Journal of Operations & Production Management, 25(11), 1062-1082.
- Zwalf, S., Hodge, G., Alam, Q. (2017). Choose Your Own Adventure: Finding a Suitable Discount Rate for Evaluating Value for Money in Public–Private Partnership Proposals. Infrastructure Public-Private Partnership, 76(3), 301-315. doi/10.1111/1467-8500.12242/abstract.
- University of Cambridge. (2010). Value for Money Committee Annual Report to Council. Retrieved from http://www.admin.cam.ac.uk/offices/planning/vfm/VFMC_Annual_Report_2010.pdf
| balkans_jetss_vol_2_no_1_50-57.pdf |
Association of Economists and Managers of the Balkans
- UdEkoM Balkan -
179 Ustanicka St, 11000 Belgrade, Republic of Serbia
E-mail: [email protected]
www.udekom.org.rs
- UdEkoM Balkan -
179 Ustanicka St, 11000 Belgrade, Republic of Serbia
E-mail: [email protected]
www.udekom.org.rs
Tel. +381 62 812 5779
VAT number: 108747027
Registration number.: 28157347
Registration number.: 28157347