SUSTAINABILITY AS A PART OF BALANCED SCORECARD

Lucie Sara Zavodna ()
Additional contact information
Lucie Sara Zavodna: Department of Applied Economics, Philosophical Faculty, Palacky University in Olomouc, Czech Republic

Global Economic Observer, 2013, vol. 1, issue 1, 110-116

Abstract: Sustainability is a trend, which is more seriously discussed on the international and national level. But also companies in the local level are pushed to have strategies and visions, which enable better future for society, our planet and local economy. Sustainability is one of the conditions - it allows companies to implicate social, economic and environmental pillars to the company's strategy and management. The question, which remains today is, how to measure social, economic and environmental impact on society? And more - how to enable future generations to have the same conditions as we have today? The paper provides format for a possible bridge between current strategic Balanced Scorecard system and future trend of sustainability. One of the special tools, which can be used for measuring sustainability, is Balanced Scorecard (by Kaplan and Norton in 1990s) with the complement of sustainable metrics. The paper introduces three possible methods, which can be used by implementing sustainability into the Balanced Scorecard. One of these methods is described in detail. There is a focus on the sustainable indicators included as the fifth area in Balanced Scorecard model.

Keywords: sustainability; management; trends; balanced scorecard; measurement (search for similar items in EconPapers)
JEL-codes: M21 (search for similar items in EconPapers)
Date: 2013-05
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.globeco.ro/wp-content/uploads/vol/split ... 013_vol1_art_013.pdf First version, 2013 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol1-iss1-13-110

Access Statistics for this article

Global Economic Observer is currently edited by Serghei Margulescu and Simona Moagar-Poladian

More articles in Global Economic Observer from "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences Contact information at EDIRC., Institute for World Economy of the Romanian Academy
Bibliographic data for series maintained by Stefan Ciucu ( this e-mail address is bad, please contact ).