J53 - Labor-Management Relations; Industrial JurisprudenceReturn

Modern way of strategic management, which puts emphasis also on financial and non-financial indicators to measure business performance is the Balanced Scorecard. The instability of the economic environment requires the implementation of the strategy where the critical factors do affect business performance. The aim of this paper is to present the possibilities of application this modern method in the condition of the spa company in the northeast of the Slovakia.

The contribution is outlined as a theoretical and practical study of working motovation in general, and with a specific application to the conditions of an enterprise under examination. The contribution is supplemented with results of survey carried out by the author focused on motivation structure and motivation preferences of the enterprise's employees. The primary objective of the research was to identify and determine the factors of working motivation, their hierarchical structure, determined by objective socio-economic causes, and to identify the motivational preferences of employees of a selected company. For this purpose, the method of questionnaire was used. The research results show the following order of motivational preferences: factors of salary, opportunity of promotion and superior person's affection have ranked high on the scale of staff motivational preferences. All other motivational factors such as stability of employment and working hours, are minor compared to them.