HIGHLIGHTS ON THE EVOLUTION OF THE BALANCED SCORECARD AS A MODEL FOR MANAGING STRATEGY DEVELOPMENT AND CONTROL
Abstract
This article explores the development of the concept of the balanced scorecard in various conditions. Observing
the process of perfecting the idea provides information about the way this
concept adapts both to specific organizational needs and industrial
specificities. Exactly for this reason, as a focal point of the article could
be identified the functional development of the balanced scorecard and its
transformation from a model of analysis and assessment to one which could be
applied to expressed organization and corporate strategies.
Keywords
References
- Becker, B., Huselid, A., & Ulrich, D. (2001). The HR-scorecard: linking people, strategy and performance, HBR Press, Boston. Edvinsson, L., & Malone, M.S. (1997). Intellectual Capital: Realizing Your Company's True Value by Finding Its Hidden Brainpower. Jensen, M. (2001). Value maximization, stakeholder theory, and the corporate objective function, Journal of applied corporate finance. Kaplan, R., & Norton, D. (1996). The BS: Translating Strategy into Action. Harvard College. Neely, A. (1998). Measuring Business Performance, 1998. Olve, N.-G., Roy J., & Wetter, M. (1999). Performance drivers: a practical guide to using the balanced scorecard, New York: J. Wiley. Stoyanov, E. (2006). Alternatives in strategic control and sustainable development. Management and sustainable development 1-2, 356-359. Stoyanov, E. (2006). Problems in design and use of the Balanced scorecard as an instrument of control. Jubileee scientific conference “30 years Department of Financial control at the University of national and world economy”. Stoyanov, E. (2007). Characteristics of the Bulgarian issues in work on the Balanced scorecards as an instrument of control. Management and sustainable development 1-2, 271-273. Stoyanov, E. (2009). Systems of management control. Libra scorp, Burgas. Stoyanov, E. (2016). Opportunities of modern understandings on human capital. Journal of Economic Development, Environment and People 5-4, 52-57.
Details
Primary Language
English
Subjects
-
Journal Section
Research Article
Publication Date
August 31, 2017
Submission Date
September 7, 2017
Acceptance Date
July 19, 2017
Published in Issue
Year 1970 Volume: 3 Number: 8
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