Balanced Scorecard Concept in Romanian Small and Medium enterprises

Anna Siemionek () and Malgorzata Siemionek ()
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Anna Siemionek: University of Gdansk
Malgorzata Siemionek: University of Warmia and Mazury in Olsztyn

No 98/2015, Working Papers from Institute of Economic Research

Abstract: The purpose of this paper is to explore the implementation of a performance management system using the balanced scorecard (BSC) within Romanian small and medium sized enterprises (SME). This is a casebased methodological approach. This ensured that the issues were appraised in both an operational and a strategic context. The findings of this research are that balanced scorecards can be implemented within a SME context. However, the motivations for the adoption of the scorecard were both internal and external due to the heavily regulated nature of the organization. The paper analyses the application of the Balanced Scorecard (BSC) in Romanian Small and Medium enterprises (SMEs). Actions necessary for its implementation, obstacles and BSC development trends have been presented.

Keywords: Balanced scorecard; strategy; performance management; SMEs; Romanian enterprises (search for similar items in EconPapers)
JEL-codes: G30 M21 (search for similar items in EconPapers)
Date: 2015-04, Revised 2015-04
New Economics Papers: this item is included in nep-cfn, nep-cse, nep-ent and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:pes:wpaper:2015:no98

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