Application of BSC to Management of Production Processes in the Analyzed Company

Kamila SOTÁKOVÁ - Juliána BEDNÁROVÁ

https://doi.org/10.53465/EDAMBA.2022.9788022550420.380-389

 

Abstract: Financial analysis provides information for achieving quality results in assessing the efficiency of businesses. Business performance is analyzed from a few perspectives. When analyzing the retrospective view (ex-post), financial ratios such as ROA, ROE, liquidity ratios (stage I, II and III) are used... Ex-ante produces a prediction of the future performance of the business. In terms of the availability of information sources, we divide performance evaluation approaches into traditional and modern. The interconnection of the given approaches brings about an increase in the efficiency of business management. The aim of this paper is to show the practical implementation of the modern BSC method in the management of the enterprise.

Keywords: BSC, business performance, business management

JEL classification: B41, G2, M2

Fulltext: PDF

Online publication date: 3 March 2023

ISBN: 978-80-225-5042-0

Publisher: University of Economics in Bratislava

Pages: 380-389

 

To cite this proceedings paper (STN ISO 690 and 690-2):

SOTÁKOVÁ, K., BEDNÁROVÁ, J. 2023. Application of BSC to management of production processes in the analyzed company. In LÜLEYOVÁ, A. (ed.). EDAMBA 2022: Conference Proceedings. Bratislava: University of Economics in Bratislava, 2023. ISBN 978-80-225-5042-0, pp. 380-389. https://doi.org/10.53465/EDAMBA.2022.9788022550420.380-389