BALANCED SCORECARD IN THE ORGANIZATION

Lalka Borisova ()
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Lalka Borisova: International Business School, Botevgrad, Bulgaria

Entrepreneurship, 2017, vol. 5, issue 1, 66-76

Abstract: The process of implementation of a Balanced ScoreCard (BSC) System for the development of an organization clarifies the strategic goals and defines the most important mechanisms for their achievement. Implementation starts with the training and attraction of executive personnel. Reaching a consensus on the development and implementation of such a system results in better understanding how the mission, vision, and strategy of the organization may be implemented into a system of efficient objectives and indices. The development and implementation of a BSC enables the organization to outline its future and plan the steps to achieve it.

Keywords: financial perspective; customer relations; internal business processes; training and development (search for similar items in EconPapers)
Date: 2017
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