Communications - Scientific Letters of the University of Zilina 2017, 19(4):72-78 | DOI: 10.26552/com.C.2017.4.72-78

New Methods of Designing the Balanced Scorecard Method for Management in Industrial Companies

Roman Kozel1, Milan Mikolas2, Sarka Vilamova1, Petr Ocko3
1 Institute of Economics and Control Systems, Faculty of Mining and Geology, VSB - Technical University of Ostrava, Czech Republic
2 Institute of Mining Engineering and Safety, Faculty of Mining and Geology, VSB - Technical University of Ostrava, Czech Republic
3 Technology Agency of the Czech Republic

The Balanced Scorecard (BSC) is a strategic performance measurement system for enterprises, which allows managers of industrial corporations to measure variables that are based on strategic goals of a company. The issue while creating and implementing the BSC system could lay in a mere copying of its traditional forms without incorporating specific needs of a particular enterprise. This article aims to present the research results of a team of authors that was, in cooperation with managers of selected companies in the Moravian-Silesian region, searching for an answer to a question, whether it is possible to simplify the creation process of the BSC without losing the information value of the whole method or of its individual parts. At the same time it was examined whether, in the case of heavy industry, there are different priorities against others.

Keywords: strategic management; BSC method; industrial companies; managers; competitiveness; consistency analysis; item analysis; focus groups; questioning

Published: December 31, 2017  Show citation

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Kozel, R., Mikolas, M., Vilamova, S., & Ocko, P. (2017). New Methods of Designing the Balanced Scorecard Method for Management in Industrial Companies. Communications - Scientific Letters of the University of Zilina, 19(4), 72-78. doi: 10.26552/com.C.2017.4.72-78
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