The appearance of digitalisation among the viewpoints of Balanced Scorecard

Károly Szóka ()
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Károly Szóka: University of Sopron Alexandre Lamfalussy Faculty of Economics

No 7508659, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: In the early 1990s, Robert S. Kaplan and David P. Norton developed a balanced evaluation- and index-system that supports the implementation of the strategy. This strategic control tool is the Balanced Scorecard which approaches and evaluates the company's activities and strategy from several perspectives, viewpoints. Today, one of the most important trend is the Industry 4.0 which creates intelligent, networked value chains through cyber-physical systems. Planning and deploying this is not easy but as a strategic issue it must appear in the Balanced Scorecard. Indicators to assist in the implementation of Industry 4.0 should be built in. We are reviewing the importance of Industry 4.0 and developing a Balanced Scorecard model that includes the factors that help to implement the strategy at Industry 4.0.

Keywords: Strategy; Balanced Scorecard; Industry 4.0; Digital Business Model (search for similar items in EconPapers)
JEL-codes: L10 L21 L60 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2018-04
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Published in Proceedings of the Proceedings of the IISES Annual Conference, Sevilla, Spain, Apr 2018, pages 284-301

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:7508659

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