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Implementation of Balanced Scorecard to Achieve The Company's Strategic Objectives Bambang Gunawan, Robertus Maria
Eduvest - Journal of Universal Studies Vol. 4 No. 3 (2024): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v4i3.1064

Abstract

The company's strategic objectives play a vital role in directing the company towards the desired achievement and planning the steps to achieve it. Clarity of corporate objectives supported by commitment to them can lead to significant performance improvements, in contrast to providing objectives that are vague or too general. The process of achieving these goals involves monitoring through performance measurement. One effective performance measurement method is using the Balanced Scorecard, which combines financial and non-financial aspects of the company. The purpose of this study is to analyze the application of the Balanced Scorecard to achieve the company's strategic goals. The research method used is qualitative, with data collection techniques through literature studies. The collected data were then analyzed through three stages, namely data reduction, data presentation, and conclusion drawing. The results showed that the use of Balanced Scorecard (BSC) can effectively assist the company in achieving its strategic goals. Good linkages between financial, customer, internal business, and growth and learning perspectives can produce optimal performance both in terms of financial and non-financial aspects for the company. The BSC approach focused on improving company performance not only encourages improvement in financial aspects, but also becomes the basis for evaluating the company's strategy to achieve continuous improvement.
The Role Of Risk Management In Enhancing Company Resilience Bambang Gunawan, Robertus Maria
Eduvest - Journal of Universal Studies Vol. 4 No. 5 (2024): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v4i5.1315

Abstract

In an era of globalization full of uncertainty, companies are faced with various risks that can disrupt the smooth running of operations and even threaten their sustainability. The aim of this research is to analyze the role of risk management in increasing company resilience. This study used qualitative research methods. The data collection technique in this research is literature study. The data that has been collected is then analyzed in three stages, namely data reduction, data presentation and drawing conclusions. The research results show that the role of risk management in increasing company resilience is as a tool to identify, measure and manage potential risks that can have a negative impact on the company's strategic targets. Implementing risk management can help companies build resilience against risks that can disrupt operations, protect organizational assets, reduce losses, increase compliance with applicable regulations, laws or standards, and optimize opportunities. Implementing risk management can be done through several steps, such as risk identification, risk evaluation and risk management.
Integration of GRC and ESG in Hospital Risk Management and Its Impact On Sustainability Bambang Gunawan, Robertus Maria
Eduvest - Journal of Universal Studies Vol. 4 No. 11 (2024): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v4i11.1522

Abstract

Hospitals face complex and evolving risks as regulations, patient expectations and operational challenges change. Integration of Governance, Risk, and Compliance (GRC) and Environmental, Social, and Governance (ESG) is important to ensure holistic risk management and hospital sustainability. This study aims to analyze the concept of GRC and ESG integration in hospital risk management. This study used qualitative research methods. The data collection technique in this research is literature study. The data that has been collected is then analyzed in three stages, namely data reduction, data presentation and drawing conclusions. The research results show that GRC and ESG in hospital risk management have a significant impact on operational sustainability. GRC ensures that hospitals have a strong framework for managing governance, risk and compliance, which is important for maintaining operational stability and avoiding legal issues. ESG, on the other hand, emphasizes the importance of environmental, social and governance responsibilities in the day-to-day operations of hospitals. So by integrating GRC and ESG, hospitals can identify and manage risks more comprehensively, from compliance with health regulations to the environmental and social impacts of operations.