The Balanced Scorecard – System of Indicators for the Assessment of Intellectual Capital

Dicu Roxana-Manuela
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Dicu Roxana-Manuela: „Alexandru Ioan Cuza” University of Iasi

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 572-576

Abstract: The Balanced Scorecard is a management system that enables organizations both to clarify their vision and strategy and translate them into action. It is not only a measurement system, it is a complex instrument which provides feedback around both the internal business processes and external outcomes in order to continuously improve strategic performance and results. When fully deployed, the balanced scorecard transforms strategic planning from an academic exercise into the centered point of an enterprise. Working through the balanced scorecard process enables management to define those key perspectives that will drive the business to success, as well as to define how to measure their impact on the performance and the results of the enterprise. Since intellectual capital is intangible and influenced by complex economic, social and political factors, using this system to assess and measure knowledge management provides suitable indicators.

Keywords: balanced scorecard; strategy; indicators; intellectual capital; knowledge. (search for similar items in EconPapers)
JEL-codes: J24 L21 L25 M12 O15 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:572-576

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