Company performance monitoring by objective key result (OKR), profit and loss account approach pandemic of COVID-19 era

https://doi.org/10.53730/ijhs.v6nS1.5198

Authors

  • Rahmadansyah Saragih Universitas Sumatera Utara, Medan, Indonesia
  • Andre Pranata S. Depari Universitas Sumatera Utara, Medan, Indonesia
  • Iskandar Muda Universitas Sumatera Utara, Medan, Indonesia

Keywords:

Objective Key Result, Profit and Loss Account, Management Strategic

Abstract

In measuring the Company's performance, recording a profit and loss account that explains all activities that occurred and assists in the decision-making process at the Top Management Level in a business strategy. In addition, the Profit and Loss Account is also a tool for measuring income and expenditures as well as OKR for How we know how much profit our business is getting on a company. This paper explains how Profit and Loss is needed for every company in running of business which will provide an overview in the form of a report on the company's profits. The role of OKR that is applied by TOP Management is to be a reference for employees at the company to find out their performance achievements.

Downloads

Download data is not yet available.

References

Aaker, D. A. (2005). Strategic Market Management. John Wiley & Sons ,Inc.

Adawiyah, R, Nasution, S.H.Z, (2020). The Implement of COSO Enterprise Risk Management in Banking Sector. Turkish Online Journal of Qualitative Inquiry. 11(4). 746- 754. https://tojqi.net/index.php/journal/article/view/6717

Ataman, M. B., Van Heerde, H. J., & Mela, C. F. (2010). The long-term effect of marketing strategy on brand sales. Journal of Marketing Research, 47(5), 866-882.

Bodla, B.S. and Verma, R. (2006). Determinants of Profitability of Banks in India: A Multivariate Analysis. Raijamr Publishing.

Casamitjana, E., Hämäläinen, J., & Sora, H. (2022). La méthode OKR: Objectives & Key Results: le guide pratique. De Boeck Supérieur.

Coulter, M. (2005). Strategic Management in Action. (3rd ed.). Upper Saddle River, NJ: Pearson Prentice Hall, 6-8

Ginting, S.F.B.R, Lase, R.T.M, (2020). BASEL III Pilar and Internal Capital Adequacy Assessment Process (ICAAP) : Implementing ICAAP in Indonesian Banking Sector. Turkish Online Journal of Qualitative Inquiry. 11(4). 735- 740. https://tojqi.net/index.php/journal/article/view/6715

Indonesian Institute of Accountants. (2007). Financial Accounting Standards. Jakarta: Salemba Empat.

MANTEC Advancing your manufacturing business together : How to create a strategic plan with SMART Goals.

Niven. P.R, Lamorte, B. (2016) Objectives and key results: Driving focus, alignment, and engagement with OKRs. John Wiley & Sons, 6-12

Prastowo, D, and Julianty, R. (2002). Financial Statement Analysis: Concepts and Applications. Yogyakarta: AMP YKPN.

Prayogi, W, Liska, J , Muda, I (2020). The Cognitive Relativism In Accounting Have An Impact On The Quality Of Decisions Made By Decision Makers Turkish Online Journal of Qualitative Inquiry. 11(4). 896-900. https://tojqi.net/index.php/journal/article/view/8198

Radonić, M. (2017). OKR System As The Reference For Personal And Organizational Objectives. From References To Originality, 28.

Ramachandran,N . (2013). McGraw-Hill Education . How To Read Profit & Loss Statement, 4-6.

Ritonga, R, Sinukaban, F.D, (2020). Basel Internal Control As Corporate Governance For Bank. Turkish Online Journal of Qualitative Inquiry. 11(4). 712- 717. https://tojqi.net/index.php/journal/article/view/6712

Published

01-04-2022

How to Cite

Saragih, R., Depari , A. P. S., & Muda, I. (2022). Company performance monitoring by objective key result (OKR), profit and loss account approach pandemic of COVID-19 era. International Journal of Health Sciences, 6(S1), 2759–2765. https://doi.org/10.53730/ijhs.v6nS1.5198

Issue

Section

Peer Review Articles