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THE IMPORTANCE OF IMPLEMENTING THE BALANCED SCORECARD AS A TOOL OF ECONOMIC MANAGEMENT OF A METALLURGICAL ENTERPRISE

1 SUŠKOVÁ Andrea
Co-authors:
1 BUCHTOVÁ Jana
Institution:
1 VSB - Technical University of Ostrava, Ostrava, Czech Republic, EU, jana.buchtova@vsb.cz
Conference:
24th International Conference on Metallurgy and Materials, Hotel Voronez I, Brno, Czech Republic, EU, June 3rd - 5th 2015
Proceedings:
Proceedings 24th International Conference on Metallurgy and Materials
Pages:
2094-2099
ISBN:
978-80-87294-58-1
ISSN:
2694-9296
Published:
12th January 2015
Proceedings of the conference were published in Web of Science and Scopus.
Metrics:
350 views / 160 downloads
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Abstract

The contribution deals with the influence of non-financial indicators in the economic and financial management in a metallurgical enterprise. By means of practical modelling, it compares traditional statements with materials based on financial indicators interconnected with the Balanced Scorecard method. The objective of this work is to demonstrate the suitability of perception of non-financial indicators as an important tool for planning, controlling, analyses and managerial decision making.

Keywords: Balanced Scorecard, financial indicator, economic management, analysis

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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