IMPLEMENTING A BALANCED SCORECARD METHODOLOGY IN SMES




Abstract:
Traditional systems for performance measuring are mainly confined to monitoring financial indicators as the only relevant criteria. Various surveys conducted worldwide have shown that relying solely on financial indicators is insufficient and leads to long-term decline in the overall performance of the company. By applying a balanced scorecard list of criteria a company is permitted to observe their business from multiple perspectives that show a comprehensive picture of enterprise performance. This methodology has proven to be very successful in large enterprises, while in small and mediumsized enterprises its use has not been sufficiently explored. In this paper we analyze the compatibility, applicability and efficacy of the balanced scorecard methodology for performance measurement in small and medium-sized enterprises.

CITATION:

IEEE format

S. Janković, N. Škobo, M. Stanišić, “Implementing a Balanced Scorecard Methodology in Smes,” in Sinteza 2016 - International Scientific Conference on ICT and E-Business Related Research, Belgrade, Singidunum University, Serbia, 2016, pp. 403-406. doi: 10.15308/Sinteza-2016-403-406 

APA format

Janković, S., Škobo, N., Stanišić, M. (2016). Implementing a Balanced Scorecard Methodology in Smes. Paper presented at Sinteza 2016 - International Scientific Conference on ICT and E-Business Related Research. doi:10.15308/Sinteza-2016-403-406

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