International Journal of Economics Development Research (IJEDR)
Vol. 6 No. 1 (2025): International Journal of Economics Development Research (IJEDR)

Application of Balanced Scorecard to Enhance Company Performance: An Economic Perspective

Ayyasy, Ahmad Nafis (Unknown)
Winanti, Winanti (Unknown)
Shintya Maelani (Unknown)



Article Info

Publish Date
17 Jan 2025

Abstract

This article examines the application of the Balanced Scorecard (BSC) as a tool for improving company performance. The BSC framework evaluates performance from four key perspectives: financial, customer, internal business processes, and learning and growth. By incorporating both short-term results and long-term strategic goals, BSC offers a holistic approach to management. The study explores how the implementation of BSC can help organizations achieve their strategic objectives, enhance operational efficiency, and improve both customer and employee satisfaction. Case studies from companies that have adopted BSC demonstrate its effectiveness in improving performance oversight, fostering innovation, and driving long-term organizational growth. These insights contribute to a deeper understanding of how BSC can be used to enhance competitiveness and achieve sustainable business success.

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Journal Info

Abbrev

ijedr

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

IJEDR focuses on economics, innovation, and investment. Dedicated to enhancing economics development a country, regional and the world in general. IJEDR invites papers on Economics field (Economic growth, Monetary and fiscal policy effect, Innovation practices, Innovation impact, Corporate finance, ...