West Science Journal Economic and Entrepreneurship
Vol. 1 No. 02 (2023): West Science Journal Economic and Entrepreneurship

Implementation of Balanced Scorecard in Corporate Strategic Management

Utami, Eva Yuniarti (Unknown)
Damayanti, Rosita Mei (Unknown)
Pramesti, Diah (Unknown)
Yuninata, Dama (Unknown)
Pratama, Rohmawan Adi (Unknown)



Article Info

Publish Date
28 Feb 2023

Abstract

This study looks into how the Balanced Scorecard (BSC) was implemented in a West Javan manufacturing company and how it affected strategic management and organizational performance. A mixed-methods approach was used, integrating quantitative data obtained from surveys and performance measures with qualitative data from in-depth interviews and document analysis. The qualitative results draw attention to the intricate implementation process, which includes communication tactics, strategic goal-setting, and ongoing modification. Difficulties were noted, including resistance to change and worries about an increase in workload. Positive employee attitudes, greater alignment with company goals, and advancements in financial and operational measures are all indicated by the quantitative outcomes. The study offers insightful information to companies thinking about implementing BSC, highlighting the significance of open communication, staff involvement, and ongoing adaption for success.

Copyrights © 2023






Journal Info

Abbrev

wsee

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Economics and Entrepreneurship published since 2023 by Westscience Press. Editors receive scientific articles from research results, surveys, and literature reviews closely related to the Economics and Entrepreneurship sectors. WSJEE is a peer-reviewed and open-access scientific magazine. ...