Year 2018, Volume 4, Issue 10, Pages 84 - 99 2018-04-28

THE ROLE OF THE BALANCED SCORECARD AS A TOOL OF STRATEGIC MANAGEMENT AND CONTROL

Vanya Banabakova [1] , Marin Georgiev [2]

38 67

Modern organizations focus on the importance of strategic management and control over current and short-term goals and their corrective role on the strategic success factors of the organization in the process of using the resources of the external environment, ignoring the challenges; as the priorities of the activity are to maximally satisfy public expectations, to minimize the spending of resources, to use its own priorities, to successfully overcome uncertainty and risk, to introduce the adequacy of management decisions against the background of reasonable and measured risk.. In the study alternatives are discussed as the Balanced Scorecard model suggested by observations and practice, and implications are provided in regard to changing and improving the architecture of the Balanced Scorecard (BSC) as a tool for management and control in conditions of high variability and uncertainty of the economic and social environment. Examined are some models in place to develop and implement the BSC and on this basis are structured conclusions and recommendations in the following aspects: the organization's strategy, which involves the application of BSC and the inclusion of elements to develop key aspects of the strategy; the potential of the BSC model and its application according to the different needs of management; the needs of the process of developing and implementing BSC and to further expand the applications of the BSC as a strategic management tool requiring an assessment of the expected status and priorities in the control of the indicators included.

Balanced scorecard, management, control, development
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Primary Language en
Subjects Social Sciences and Humanities
Journal Section Articles
Authors

Author: Vanya Banabakova (Primary Author)
Country: Bulgaria


Author: Marin Georgiev
Country: Bulgaria


Bibtex @research article { ijasos417696, journal = {International E-Journal of Advances in Social Sciences}, issn = {}, eissn = {2411-183X}, address = {OCERINT International Organization Center of Academic Research}, year = {2018}, volume = {4}, pages = {84 - 99}, doi = {10.18769/ijasos.417696}, title = {THE ROLE OF THE BALANCED SCORECARD AS A TOOL OF STRATEGIC MANAGEMENT AND CONTROL}, key = {cite}, author = {Banabakova, Vanya and Georgiev, Marin} }
APA Banabakova, V , Georgiev, M . (2018). THE ROLE OF THE BALANCED SCORECARD AS A TOOL OF STRATEGIC MANAGEMENT AND CONTROL. International E-Journal of Advances in Social Sciences, 4 (10), 84-99. DOI: 10.18769/ijasos.417696
MLA Banabakova, V , Georgiev, M . "THE ROLE OF THE BALANCED SCORECARD AS A TOOL OF STRATEGIC MANAGEMENT AND CONTROL". International E-Journal of Advances in Social Sciences 4 (2018): 84-99 <http://ijasos.ocerintjournals.org/issue/36555/417696>
Chicago Banabakova, V , Georgiev, M . "THE ROLE OF THE BALANCED SCORECARD AS A TOOL OF STRATEGIC MANAGEMENT AND CONTROL". International E-Journal of Advances in Social Sciences 4 (2018): 84-99
RIS TY - JOUR T1 - THE ROLE OF THE BALANCED SCORECARD AS A TOOL OF STRATEGIC MANAGEMENT AND CONTROL AU - Vanya Banabakova , Marin Georgiev Y1 - 2018 PY - 2018 N1 - doi: 10.18769/ijasos.417696 DO - 10.18769/ijasos.417696 T2 - IJASOS- International E-journal of Advances in Social Sciences JF - Journal JO - JOR SP - 84 EP - 99 VL - 4 IS - 10 SN - -2411-183X M3 - doi: 10.18769/ijasos.417696 UR - http://dx.doi.org/10.18769/ijasos.417696 Y2 - 2018 ER -
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