Enterprise performance management in context of economic development in the beginning of 21st century

The development of world economy raises changes in enterprise financial management focus. Still more attention is devoted to enterprise value creation and management for shareholders. The target of the paper is to present the results of the research focused on mapping, identification, analysis and summary of main aspects and significance of two aspects - approaches to value- based management of an enterprise - specifically Economic Value Added concept (EVA) and Balanced Scorecard (BSC) within enterprise performance measurement and management. The strengths and weaknesses of Economic Value Added are analyzed and discussed in the context of economic development paradigm changes in the beginning of the 21 st century. A part of the research outputs is a case study which practically documents EVA concept use in enterprise practice.