Highlights of the Evolution of the 'Balanced Scorecard' Idea as a Model for Managing Strategy Development and Control

IJASOS - Internationale - Journal of Advances in Social Sciences, Vol. III, Issue 8, August 2017

5 Pages Posted: 20 Feb 2018 Last revised: 22 Feb 2018

See all articles by Venelin Terziev

Venelin Terziev

University of Ruse; Vasil Levski National Military University

Marin Georgiev

Vasil Levski National Military University

Multiple version iconThere are 2 versions of this paper

Date Written: August 1, 2017

Abstract

This article explores the development of the concept of the balanced scorecard in various conditions. Observing the process of perfecting the idea provides information about the way this concept adapts both to specific organizational needs and industrial specificities. Exactly for this reason, as a focal point of the article could be identified the functional development of the balanced scorecard and its transformation from a model of analysis and assessment to one which could be applied to expressed organization and corporate strategies.

Keywords: Balanced scorecard (BSC), model, strategy, concept, perspective, Stakeholder theory

JEL Classification: D00, D04

Suggested Citation

Terziev, Venelin and Georgiev, Marin, Highlights of the Evolution of the 'Balanced Scorecard' Idea as a Model for Managing Strategy Development and Control (August 1, 2017). IJASOS - Internationale - Journal of Advances in Social Sciences, Vol. III, Issue 8, August 2017. Available at SSRN: https://ssrn.com/abstract=3125759

Venelin Terziev

University of Ruse ( email )

8 Studentska Street
Ruse, 7017
Bulgaria

Vasil Levski National Military University ( email )

Veliko Tarnovo
Bulgaria
0035982820982 (Phone)

Marin Georgiev (Contact Author)

Vasil Levski National Military University ( email )

Veliko Tarnovo
Bulgaria

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