West Science Business and Management
Vol. 2 No. 03 (2024): West Science Business and Management

Evaluation of Financial Performance with the Balanced Scorecard Approach in Retail Companies

Loso Judijanto (IPOSS Jakarta, Indonesia)
Meiske Wenno (Universitas Pattimura)
Muhammad Faisal (Universitas Pattimura)
Hasmia Melati Arifin (Universitas Pattimura)
Erfendi Regar (Universitas Pattimura)



Article Info

Publish Date
30 Sep 2024

Abstract

This research assesses the financial performance of retail enterprises utilizing the Balanced Scorecard (BSC) methodology. The study used a quantitative methodology, gathering data from 75 retail firms via a Likert-scale questionnaire (1 to 5). The analysis use SPSS version 26, concentrating on four key Balanced Scorecard perspectives: financial, customer, internal business processes, and learning and growth. The findings indicate substantial positive relationships across the customer, internal processes, and learning and growth perspectives with financial success, with the customer viewpoint serving as the most robust predictor. The results indicate that retail firms can improve financial performance by prioritizing customer satisfaction, operational efficiency, and ongoing innovation. These insights offer significant recommendations for retail managers seeking to synchronize strategic objectives with operational performance.

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Journal Info

Abbrev

wsbm

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

The Editors invite writers and experts to publish and share their ideas through scientific and empirical research in the field of Management and Business. The main objective of this publication is to improve theory, concept, and practice in the field of management and business. Dissemination of ...