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Modification Of Performance Measurement System In The Intentions Of Globalization Trends

Author

Listed:
  • Vincent Soltes

    (Technical University of Košice)

  • Beata Gavurova

    (Technical University of Košice)

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.

Suggested Citation

  • Vincent Soltes & Beata Gavurova, 2015. "Modification Of Performance Measurement System In The Intentions Of Globalization Trends," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 11(2), pages 160-170, June.
    • Handle: RePEc:pcz:journl:v:11:y:2015:i:2:p:160-170
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    References listed on IDEAS

    as
    1. Hosmer, LaRue Tone, 1994. "Why Be Moral? A Different Rationale for Managers," Business Ethics Quarterly, Cambridge University Press, vol. 4(2), pages 191-204, April.
    2. Mariana Man & Vladimir Modrak & Janusz Grabara, 2011. "Marginal Cost Of Industrial Production," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 3(1), pages 62-69, May.
    3. Bačík Radovan & Fedorko Igor, 2013. "New trends in marketing communication," Sovremennaa ekonomika: problemy, tendencii, perspektivy Современная экономика: проблемы, тенденции, перспективы, CyberLeninka;Муромский институт (филиал) Государственного образовательного учреждения высшего профессионального образования "Владимирский государственный университет им. Александра Григорьевича и Николая Григорьевича Столетовых", issue 8 (1), pages 39-47.
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    Cited by:

    1. Michal Pohludka & Hana Štverková, 2018. "Successful Horizontal Acquisition Process," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 18(1), pages 187-194.
    2. Miroslav Kelemen & Volodymyr Polishchuk & Beáta Gavurová & Stanislav Szabo & Róbert Rozenberg & Martin Gera & Jaroslaw Kozuba & Rudolf Andoga & Adriana Divoková & Peter Blišt’an, 2019. "Fuzzy Model for Quantitative Assessment of Environmental Start-up Projects in Air Transport," IJERPH, MDPI, vol. 16(19), pages 1-21, September.
    3. Veronika Cabinova & Erika Onuferova & Peter Gallo Jr. & Peter Gallo & Juraj Gallo, 2018. "A Comparative Analysis of Modern Performance Methods in Economic Practice," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(4), pages 85-96.

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