Use of a Balances Scorecard for Assessing Potential of Innovation Development of a Production Economic Association

Bilenska Yaryna R. ()
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Bilenska Yaryna R.: National University "Lviv Polytechnic"

Business Inform, 2014, issue 1, 216_221

Abstract: The article develops methodical approaches to improvement of the mechanism of assessing potential of innovation development of production economic associations. In the result of the study the article justifies expediency of use of the balanced scorecard for assessing potential of innovation development of both production economic association in general and its separate units. The proposed scorecard allows assessment of innovation possibilities of production economic associations through the prism of their complex activity, in particular, assessment of the potential of innovation development in the context of allocated components: scientific and intellectual, financial, production and marketing. Within the framework of the study the article marks out those indicators that more fully characterise each of the specified components of the potential of innovation development of a production economic association. Prospects of further studies in this direction are identification of interconnection between the components of the potential of innovation development of a production economic association and selection of its innovation strategy.

Keywords: production economic association; potential of innovation development; balanced scorecard (search for similar items in EconPapers)
Date: 2014
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