BALANCED SCORECARD AS A STRATEGIC TOOL FOR MANAGEMENT OF PUBLIC ADMINISTRATION

Peter Skotnický ()
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Peter Skotnický: Faculty of Operation and Economics of Transport and Communications, University of Žilina

CBU International Conference Proceedings, 2015, vol. 3, issue 0, 253-257

Abstract: Balanced Scorecard is one of the modern methods of management, which is currently applied mainly by progressive organizations of the private sector. The subjected method was recently implemented into financial management, which is the key to the process of management of the organization in relation to the achievement of business goals. This suggests that the Balanced Scorecard could help improve managing process in public administration, which should lead to its improved efficiency. The aim of this article is to highlight the possibility of using the Balanced Scorecard in the management of public administration. The article defines and describes the Balanced Scorecard method, observation of its application in public administration in the Slovak Republic.

Keywords: Balanced Scorecardfour perspectives of BSC; public administration; local government. (search for similar items in EconPapers)
JEL-codes: H73 H83 M19 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aad:iseicj:v:3:y:2015:i:0:p:253-257

DOI: 10.12955/cbup.v3.650

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