engleski

Implementation of balanced scorecard model in a manufacturing company

The underlying problem to be set up as the basis for writing this paper is reporting for the manager’s internal needs based on the BSC model.Companies, if they want to get a bank loan, a letter of credit, a framework credit, etc., are often subject to strict banking rules and procedures. Banks often base their judgment of a specific placement approval on financial indicators. Such a form of analysis shows exactly the events of the past period ; however, it does not show what the current state of the company is and what is to be expected in the future. That is precisely why the BSC model is needed to provide each department and each employee with an indicator of their performance. Only in this way can the bad performances be corrected and impacted on in order to lead the company to its set goals.The Balanced Scorecard model starts from defining the vision, mission and goals of the company. In accordance with these postulates, a strategy that leads the company to its set goals is defined. The advantage of the BSC model is in conveying visions, missions and goals to all employees in the company.Quality information system steers management in the direction of real problems. Partial problem monitoring often leads management into making poor decisions, which, in some situations, are unnecessary.

Balanced Scorecard, financial indicators, information system

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