DETERMINANTS OF SUCESSFUL CREATION OF THE BALANCE SCORECARD CONCEPT IN A METALLURGICAL COMPANY

1 SUŠKOVÁ Andrea
Co-authors:
1 BUCHTOVÁ Jana
Institution:
1 VSB - Technical University of Ostrava, Ostrava, Czech Republic, EU, jana.buchtova@vsb.cz
Conference:
25th Anniversary International Conference on Metallurgy and Materials, Hotel Voronez I, Brno, Czech Republic, EU, May 25th - 27th 2016
Proceedings:
Proceedings 25th Anniversary International Conference on Metallurgy and Materials
Pages:
2042-2048
ISBN:
978-80-87294-67-3
ISSN:
2694-9296
Published:
14th December 2016
Proceedings of the conference were published in Web of Science and Scopus.
Metrics:
117 views / 54 downloads
Abstract

The contribution deals with the first of a series of prerequisites for successful implementation of the BSC concept. Setting strategic objectives and the quality thereof are the main criteria of the BSC itself and have a significant impact on its successful implementation. These strategic objectives are derived from the results of financial analyses which usually predict them. Quality reporting and appropriately selected controlling indicators of business performance are therefore absolutely necessary. This contribution aims to propose appropriate reports for linking the above mentioned with the specified strategic objectives of the BSC in an unnamed enterprise.

Keywords: Balanced Scorecard, Factors, Reporting, Indicators

© 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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