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Balanced Scorecard As A Strategic Tool For Management Of Public Administration

Author

Listed:
  • Peter Skotnický

    (Faculty of Operation and Economics of Transport and Communications, University of Žilina)

Abstract

Balanced Scorecard is one of the modern methods of management, which is currently applied mainly by progressive organizations of the private sector. The subjected method was recently implemented into financial management, which is the key to the process of management of the organization in relation to the achievement of business goals. This suggests that the Balanced Scorecard could help improve managing process in public administration, which should lead to its improved efficiency. The aim of this article is to highlight the possibility of using the Balanced Scorecard in the management of public administration. The article defines and describes the Balanced Scorecard method, observation of its application in public administration in the Slovak Republic.

Suggested Citation

  • Peter Skotnický, 2015. "Balanced Scorecard As A Strategic Tool For Management Of Public Administration," CBU International Conference Proceedings, ISE Research Institute, vol. 3(0), pages 253-257, September.
    • Handle: RePEc:aad:iseicj:v:3:y:2015:i:0:p:253-257
    DOI: 10.12955/cbup.v3.650
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    More about this item

    Keywords

    Balanced Scorecardfour perspectives of BSC; public administration; local government.;
    All these keywords.

    JEL classification:

    • H73 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Interjurisdictional Differentials and Their Effects
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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