The balanced scorecard as the tool оf the realization of the company’s strategy (on example iron-ore companies)
About authors
- 1 — student Saint Petersburg State Mining University
- 2 — Ph.D. associate professor Saint Petersburg State Mining University
Abstract
Application of methodology of the Balanced Scorecard (BSC) for management of the company, realizations of strategic targets is proved. The BSC is added reproductive and innovative potentials taking into account specificity of iron-ore enterprises’ activity. Priority value of an estimation of reproductive potential for the mountain enterprise is shown. Strategic cards of «Mikhailovsky GOK» and «Karelian okatysh» on the basis of the BSC are constructed; relationships of cause and effect are established. Actions for efficiency’s increase of companies’ activity on the basis of the BSC are offered.
Область исследования:
(Archived) Economics and management
Keywords:
the balanced scorecard
reproductive potential
innovative potential
strategic management
iron-ore enterprises
Funding:
None
References
- Vinogradova V.V., Ponomarenko T.V. Evaluation of Aggregated Economical Potential of Mining Enterprise on the Base of Balanced Scorecard // Digest of Scientific Papers Galurgii Institute. Saint Petersburg, 2006. Is.15.
- Ponomarenko T.V., Vinogradova V.V. Evaluation of a Company's Economical Potential // Social-Economical Problems of Russia's Development and Problems of Globalization: Potential of the Possible. Digest of Scientific Papers. Saint Petersburg, 2007.
- Ponomarenko T.V., Pikalova T.A. The feature of construction of the Balanced Scorecard in integrated mountain companies // «Integration of the science, formation and manufacture – strategy of development of innovative economy». Digest of Scientific Papers. Ekaterinburg, 2011.
- Kaplan R.S., Norton D.P. Alignment: Using the Balanced Scorecard to Create Corporate Synergies. Moscow, 2006.
- Kaplan R.S., Norton D.P. The Balanced Scorecard: Translating Strategy into Action. Moscow, 1996.
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