Implementation of the Balanced Scorecard as an Instrument of Strategic Contolling in the Brewing Industry

Companies, nowadays, face numerous obstacles when it comes to developing a success-measuring system, which would actually monitor the right things and balance the financial figures with the drivers of future performance, simultaneously directing energy of intangible assets and helping organizations...

Full description

Saved in:
Bibliographic Details
Published in:IJIEM. International Journal of Industrial Engineering and Management (Online) 2015-12, Vol.6 (4), p.191-198
Main Authors: Jeličić, Dalibor, Bojanić, Ranko
Format: Article
Language:English
Subjects:
Balanced Scorecard
Brewing
Communications systems
Organizations
Strategic management
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Companies, nowadays, face numerous obstacles when it comes to developing a success-measuring system, which would actually monitor the right things and balance the financial figures with the drivers of future performance, simultaneously directing energy of intangible assets and helping organizations implement strategies. Balanced Scorecard is a tool that meets the set requirements, because in its basis it combines a communication tool, a measuring system and a strategic management system. This is a carefully selectedset of measures obtained from an organization’s strategy which can be quantified. The selected measures may be used in order to present results and performance drivers to employees and external stakeholders. Using these, organizations can achieve their mission and strategic objectives.
ISSN:2217-2661
2683-345X
DOI:10.24867/IJIEM-2015-4-122