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Balanced Scorecard In The Organization

Author

Listed:
  • Lalka Borisova

    (International Business School, Botevgrad, Bulgaria)

Abstract

The process of implementation of a Balanced ScoreCard (BSC) System for the development of an organization clarifies the strategic goals and defines the most important mechanisms for their achievement. Implementation starts with the training and attraction of executive personnel. Reaching a consensus on the development and implementation of such a system results in better understanding how the mission, vision, and strategy of the organization may be implemented into a system of efficient objectives and indices. The development and implementation of a BSC enables the organization to outline its future and plan the steps to achieve it.

Suggested Citation

  • Lalka Borisova, 2017. "Balanced Scorecard In The Organization," Entrepreneurship, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 5(1), pages 66-76.
    • Handle: RePEc:neo:epjour:v:5:y:2017:i:1:p:66-76
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    Cited by:

    1. Miroslav Nedelchev, 2017. "Overview Of Corporate Governance In Bulgaria," Entrepreneurship, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 5(2), pages 70-76.

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