Publication detail

The Balanced Scorecard: Innovative Performance Measurement and Management Control System

ŽIŽLAVSKÝ, O.

Original Title

The Balanced Scorecard: Innovative Performance Measurement and Management Control System

Type

journal article in Scopus

Language

English

Original Abstract

The paper presents an overview of studies that have described the emergence of innovative performance measurement systems. It is dedicated to the issue of potential implementation of Balanced Scorecard as a strategic management control system in Czech small and medium-sized enterprises. The framework is based on literature review and analysis about traditional management control systems, their pros and cons, and modern methods of performance measurement, such as Balanced Scorecard. Numerous publications discuss its potential advantages and recommend its implementation. On the other hand, there exist huge limitations for small and medium-sized enterprises, such as time, organisation and money. Benefits resulting from successful Balanced Scorecard introduction must overweigh the costs of designing, implementing, and using it. Therefore, the paper is supposed to motivate researchers to conduct more large scale studies in the area of innovative performance measurement systems implementation in different business sector and areas.

Keywords

Balanced scorecard; performance measurement; management control; innovation; innovation management; innovative potential; research and development; small and medium-sized enterprises; literature analysis; Czech Republic.

Authors

ŽIŽLAVSKÝ, O.

RIV year

2014

Released

9. 10. 2014

Publisher

Universidad Alberto Hurtado

Location

Chile

ISBN

0718-2724

Periodical

Journal of Technology Management and Innovation

Year of study

9

Number

3

State

Republic of Chile

Pages from

210

Pages to

222

Pages count

13

URL

http://www.jotmi.org/index.php/GT/article/view/1455

Full text in the Digital Library

http://hdl.handle.net/11012/37354

BibTex

@article{BUT109420,
  author="Ondřej {Žižlavský}",
  title="The Balanced Scorecard: Innovative Performance Measurement and Management Control System",
  journal="Journal of Technology Management and Innovation",
  year="2014",
  volume="9",
  number="3",
  pages="210--222",
  doi="10.4067/S0718-27242014000300016",
  issn="0718-2724",
  url="http://www.jotmi.org/index.php/GT/article/view/1455"
}