Applying the Principles of New Public Management to Measure the Performance in Education – Value for Money

Authors

  • Jana Štrangfeldová Matej Bel University in Banská Bystrica, Faculty of Economics, Department of Public Economics and Regional Development, Tajovského 10, 975 90 Banská Bystrica, Slovakia
  • Štefan Hronec Matej Bel University in Banská Bystrica, Faculty of Economics, Department of Public Economics and Regional Development, Tajovského 10, 975 90 Banská Bystrica, Slovakia
  • Jana Hroncová Vicianová Matej Bel University in Banská Bystrica, Faculty of Economics, Department of Public Economics and Regional Development, Tajovského 10, 975 90 Banská Bystrica, Slovakia
  • 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

Keywords:

Efficiency, Economy, Effectiveness, Value for Money, Education

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.

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Published

2019-06-30

How to Cite

Štrangfeldová, J., Hronec, Štefan, Hroncová Vicianová, J., & Štefanišinová, N. (2019). Applying the Principles of New Public Management to Measure the Performance in Education – Value for Money. Balkans Journal of Emerging Trends in Social Sciences, 2(1), 50–57. https://doi.org/10.31410/Balkans.JETSS.2019.2.1.50-57

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