Subject This article deals with the issues of efficiency and effectiveness of the Russian Federation subjects' development. Objectives The article aims to analyze key performance indicators and identify opportunities for the development of Russian regions in today's environment. Methods For the study, we used a systems approach using the methods of statistical, comparative, and logical analyses. Results The article describes three levels of regional development based on an assessment of the median and variance in the rate of growth of key performance indicators, as well as their standard deviations. Conclusions In today's environment, opportunities for effective regional development are limited due to the raw material output structure of the Russian economy. Oil and gas regions, rather oblasts than republics, show consistently high values of key indicators of development efficiency. The effectiveness of the advancement of subsidized regions is determined by the volume of federal grants and subventions.
Keywords: business activity, criterion, effectiveness, raw material profile of economy, growth rate
References:
Domínguez E., Pérez B., Rubio A.L., Zapata M.A. A Taxonomy for Key Performance Indicators Management. Computer Standards & Interfaces, 2019, vol. 64, pp. 24–40. URL: Link
Badawy M., El-Aziz A.A.A., Idress A.M. et al. A Survey on Exploring Key Performance Indicators. Future Computing and Informatics Journal, 2016, vol. 1, iss. 1-2, pp. 47–52. URL: Link
Banu G.S. Measuring Innovation Using Key Performance Indicators. Procedia Manufacturing, 2018, vol. 22, pp. 906–911. URL: Link
Javorcik B., Sawada N.The ISO 9000 Certification: Little Pain, Big Gain? European Economic Review, 2018, vol. 105, pp. 103–114. URL: Link
Cai S., Jun M. A Qualitative Study of the Internalization of ISO 9000 Standards: The Linkages among Firms' Motivations, Internalization Processes, and Performance. International Journal of Production Economics, 2018, vol. 196, pp. 248–260. URL: Link
Terziovski M., Guerrero J.-L. ISO 9000 Quality System Certification and Its Impact on Product and Process Innovation Performance. International Journal of Production Economics, 2014, vol. 158, pp. 197–207. URL: Link
Cohen W.A. Peter Drucker Wants You to Be a Heroic Leader – Now. Organizational Dynamics, 2013, vol. 42, iss. 1, pp. 70–80. URL: Link
Rosenberg S. (Reviewer).Management Challenges for the 21st Century: Peter F. Drucker. Business Horizons, 1999, vol. 42, iss. 5, pp. 86–87. URL: Link80080-9
Isaev M.V. [Formation of a company issuing strategy based on determining KPIs]. Finansy i kredit = Finance and Credit, 2013, vol. 19, iss. 22, pp. 35–40. URL: Link (In Russ.)
Tkalich T.A. [Performance measurement of the information systems in the economy of companies]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2014, vol. 13, iss. 36, pp. 13–19. URL: Link (In Russ.)
Parmenter D. Key Performance Indicators: Developing, Implementing and Using Winning KPIs. New Jersey, John Wiley & Sons, 2007, 236 p.
Tsibul'skii V.R., Zaruba O.V., Kuryshev N.I. [Creating a model system of KPI for managing the social and economic development of the region]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2010, vol. 8, iss. 30, pp. 2–8. URL: Link (In Russ.)
Samusenko S.A., Popod'ko G.I., Zimnyakova T.S. [Imperfection of innovative systems in resource-rich regions]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2019, vol. 17, iss. 2, pp. 234–249. (In Russ.) URL: Link
Bagainikov M.L. [Geoeconomic aspects of the implementation of megaprojects in the raw material-oriented region]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2018, vol. 16, iss. 2, pp. 200–213. (In Russ.) URL: Link
Devyatova N.S. [Key performance indicators as a tool to improve the quality of control over municipal unitary enterprises' operating results]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2019, vol. 17, iss. 4, pp. 686–702. (In Russ.) URL: Link
Bulgakova S.V., Korotaeva N.V. [Evaluation of the activities and key performance indicators of the economic entity]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2016, vol. 9, iss. 28, pp. 21–35. URL: Link (In Russ.)
Varfolomeev V.P., Kondratova S.V., Zakharova M.V. [Company management by key performance indicators]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2016, vol. 15, iss. 8, pp. 134–146. URL: Link (In Russ.)
