The Usability of the Dashboard and of the Balanced Scorecard in the Context of Decision Making

Georgescu Cristina Elena () and Asalos Nicoleta ()
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Georgescu Cristina Elena: „Ovidius” University of Constanta, Faculty of Economic Sciences
Asalos Nicoleta: „Ovidius” University of Constanta, Faculty of Economic Sciences

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 788-792

Abstract: Managers are using a large volume of accounting data and information in order to substantiate their decisions-making. The dashboard translates the strategy of an entity into a set of performance indicators that ensure the frame for strategy implementation. The Balanced Scorecard provides managers with a process to describe strategy – both what the organization wants to accomplish and how it intends to realize its strategic outcomes. Taking all the objectives and measures together into a strategy map of cause-and-effect relationship across the four perspectives provides a comprehensive picture of the organization’s value creating activities.

Keywords: dashboard; balanced scorecard; decision-making; strategy. (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2011
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