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Modern metallurgical enterprises operate in conditions of strong competition. They must quickly respond to market opportunities. For this reason they need well-designed strategies to gain competitive advantage. Nowadays strategy is changed and up-dated very frequently. This leads to strong pressure for quickly strategy implementation and realization. Therefore metallurgical companies are looking for new solutions which help to introduce, constant monitor and control of regularly updated corporate strategy.This paper proposes a comprehensive method of monitoring strategy realization through a well-designed set of Key Performance Indicators (KPI’s). This solution is dedicated to metallurgical enterprises and pays particular attention to an overall assessment of the company, its strategy and future plans that help build competitive advantage. A concept of the main assumptions of the Performance Management (PM), the Balanced Scorecard (BSC) and a combination of strategic management with the implementation of operational management is presented.The proposed solution tries to solve important problems related to the management of metallurgical enterprises. A significant importance is to quickly realize main strategic goals. The well-designed strategy reduces the risk associated with metallurgical activity. The proposed KPI’s system helps to monitor and control strategy realization in metallurgical companies what allows time of strategy implementation in companies to be considerably shortened and its effectiveness to be increased. The KPI’s system includes measures which can control the main areas of strategic goals in metallurgical enterprises.
Keywords: Key Performance Indicators, Performance Management, strategy, metallurgical sector© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.