MODIFICATION OF PERFORMANCE MEASUREMENT SYSTEM IN THE INTENTIONS OF GLOBALIZATION TRENDS

Vincent Soltes and Beata Gavurova ()
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Vincent Soltes: Technical University of Košice
Beata Gavurova: Technical University of Košice

Polish Journal of Management Studies, 2015, vol. 11, issue 2, 160-170

Abstract: Business ethics is a determinant of company competitiveness. Obeying ethical principles is elementary for positive company culture and company identity creation. It influences implementation of changes in an organization and achieving strategic goals. The Balanced Scorecard system is considered to be an essential element of the management system implementation strategy, where effectiveness of BSC is being able to clearly describe the strategy and linking it with the steering system. The utility of Balanced Scorecard in different types of organizations confirms its wide adaptability concept. The paper analyses the relationship between the strategic managerial system Balanced Scorecard and business ethics. The aim of this paper is the analysis the relationship between ethical orientation and the performance organization, and subsequently the systematization of the conditions for the introduction of moral values in BSC strategic map. This paper is a follow-up to a research realized in a period of 2009-2012 in Slovak organizations providing services in the area of Balanced Scorecard system implementation and it compares its results with the expected theoretical solutions.

Keywords: performance measurement; Balanced Scorecard; business ethics; moral profile; strategic map; strategic performance of organization. (search for similar items in EconPapers)
Date: 2015
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