Maximizing Strategy with an Effective Balanced Scorecard

Authors

  • Wendy Endrianto Bina Nusantara University

DOI:

https://doi.org/10.21512/tw.v17i1.1805

Keywords:

company strategy, vision, mission, financial performance, balance scorecard.

Abstract

The research was conducted by studying the literature on the topic discussed. Presented descriptively in a systematic way to address each of the key discussion on this research, then connecting factors correlated with each other were finally seeking a conclusion the most effective method in meeting the company's goals. Then, through this study it can be concluded that in order to synergize between vision, mission and strategy of the company in regard to improving the company's performance is by communicating the balanced scorecard from top management down to the lower level of management so that all elements of the company know their respective roles in order to achieve company’s goal.

Dimensions

Plum Analytics

Author Biography

Wendy Endrianto, Bina Nusantara University

Accounting and Finance Department

References

Figge, F., Hahn, T., Schaltegger, S., & Wagner, M. (2002). The Sustainability Balanced Scorecard Linking Sustainaibility Management to Business Strategy. Business strategy and the Environment, 11 (5), 269-284. Retrieved May 1st, 2015, from http://interscience.wiley.com.

Gumbus, A., & Lussier, R. R. (2006). Entrepreneurs Use a Balanced Scorecard to Translate Strategy into Performance Measures. Journal of Small Business Management, 44(3), 407-425. Retrieved May 1st, 2015 from http://onlinelibrary.wiley.com. doi: 10.1111/j.1540-

X.2006.00179.x.

Hrebiniak, L. G. (2005). Making Strategy Work: Leading Effective Execution and Change. Wharton School Publishing.

Kaplan, Robert S., & Norton, D. (1996). Using the Balanced Scorecard as a Strategic Management System. Harvard Business Review, 74 (1), 75–85.

Malina, M. A., & Selto, F. H. (2001).Communicating and Controlling Strategy: An Empirical Study of the Effectiveness of the Balanced Scorecard. Retrieved May 1st, 2015 from

http://aaajournals.org

Mathis, R. L., & Jackson, J. H. (2006). Human Resource Management: Manajemen Sumber Daya Manusia. Translated by Dian Angelia. Jakarta: Salemba Empat.

Mulyadi. (2007). Sistem Terpadu Pengelolaan Kinerja Personel Berbasis Balanced Scorecard. Yogyakarta: Unit Penerbit dan Percetakan STIM YKPN.

Rivai, V., & Basri, A. F. M. (2005). Peformance Appraisal: Sistem yang tepat untuk Menilai Kinerja Karyawan dan Meningkatkan Daya Saing Perusahan. Jakarta: PT. Raja Grafindo Persada.

Susanto, A. B. (2008). Visi & Misi: Langkah Awal Menuju Strategic Management. Jakarta: The Jakarta Consulting Group.

Wheelen, T. L., & Hunger, J. D. (2008). Strategic Management and Business Policy. 11th Edition. UK: Pearson International Edition.

Downloads

Published

2016-03-31

How to Cite

Endrianto, W. (2016). Maximizing Strategy with an Effective Balanced Scorecard. Journal The Winners, 17(1), 19-27. https://doi.org/10.21512/tw.v17i1.1805
Abstract 1574  .
PDF downloaded 562  .