scholarly journals THE EFFECT OF HARD AND SOFT FACTORS ON THE SUCCESS OF A COMPANY

2015 ◽  
Vol 10 (1) ◽  
pp. 6-17
Author(s):  
Peter Bóna ◽  
Robert Lippert
Keyword(s):  
Balanced Scorecard ◽  
Success Factors ◽  
Balance Scorecard ◽  
It Use ◽  
Successful Operation ◽  
Social Sphere ◽  
Leadership Strategy ◽  
The Social ◽  
Leadership Success ◽  
A Company

What makes a company successful? What kind of instruments may it use to achieve outstanding results? Instruments necessary for effective operation depend remarkably on the current age and the environment surrounding the organisation. Various ages have had their different keys to success. This key has become more and more complex and complicated due to the continuous acceleration of world economy and the fact that distances have become negligible. The aim of this study is to explore, whether companies having an interest in the processing industry use hard or soft success factors as a key to achieve success. In order to do that, the research will identify the possible success factors first. Henceforward it will reveal the effect of the resulting factors on success by logistic regression, which will be examined via the balance scorecard by complementing the four classic aspects – as one of the pioneers – with a fifth one, i.e. sustainability. Thus it will become visible, to what extent strategic, structural, cultural and leadership success factors influence the performance of a company to reach excellence in accordance with the expectations of the owners, the customers, the employees and the social sphere. The results of the research will thereby show the unravelled correlations between the successful operation of a company and the instruments indicating hard and soft success affecting it. Key words: balanced scorecard, culture, leadership, strategy, structure, success factors, sustainability.

scholarly journals Social Entrepreneurship Formation in Ukraine in the Context of Sustainable Development

2019 ◽  
Vol 7 (14) ◽  
Author(s):  
Olena Vit. Iarmosh ◽  
Elina Ol. Pasechnik
Keyword(s):  
Sustainable Development ◽  
Social Entrepreneurship ◽  
Social Entrepreneurs ◽  
Charitable Organization ◽  
Social Sphere ◽  
The United Kingdom ◽  
Current Trends ◽  
The Social ◽  
The World ◽  
A Company

The article deals with the general approach to understanding the social entrepreneurship essence, the concept of which, unlike entrepreneurship as a whole, its different types in terms of income and employees, is not defined by law; analysis of various information sources to compare approaches to defining the concept of social entrepreneurship; presents socially active entrepreneurs and public figures who have contributed to the social entrepreneurship development in Ukraine. In order to determine the main features of social entrepreneurship, the articlepoints out its differences from a charitable organization and traditional business by such factors as structure, dependence on external and internal financial sources, types of income and directions of profit distribution, and also analyzes the motives of social entrepreneurs. Special attention s paid to the analysis of economic indicators that characterize the social enterprise development effectiveness in the world. In particular, data from the United Kingdom, Israel and Italy were analyzed, which show significant financial prospects for the countries. The authors found that in Ukraine there are already numerous examples of organizations that support social entrepreneurship. The article describes for the selected organizations their activities and the nature of the social entrepreneurship concept. At the same time, five paradoxes that arose in Ukraine in the field of social entrepreneurship were mentioned as following: the main source of income for working in the social sphere entrepreneurs are grants that are not fundamentally in contact with international practice; the carelessness of entrepreneurs who are not concerned about the future of a company created with borrowed funds; absolute lack of support from the state; lack of interest in state supporting; an excess of laws in the country that contradict each other.According to the results of the research, the authors present obstacles to the concept of social entrepreneurship implementation in Ukraine and the steps needed to stimulate development. Taking into account current trends in the world development, the authors outline the global goals of UN sustainable development, which covers social entrepreneurship as a type of economic activity.

scholarly journals If Development, Then Sustainability

2015 ◽  
Vol 3 (1) ◽  
pp. 27-39
Author(s):  
Péter Bóna
Keyword(s):  
Balanced Scorecard ◽  
Regression Models ◽  
Success Factors ◽  
Point Of View ◽  
Successful Operation ◽  
Processing Industry ◽  
Outstanding Achievement ◽  
The Balanced Scorecard ◽  
Sustainability Performance ◽  
Internal Development

Abstract The aim of this study is to explore how the effects of components belonging to the concept of strategic management system influence outstanding achievement and success in the processing industry in Hungary as well as the sustainability success component within that. In order to do that, the study defines the factors having an influence. Thereafter, it explains the successful operation of companies with the help of factors emerging via path analysis using regression models. It uses the balanced scorecard as a tool for success criteria describing success. This is a non-market aspect that has an impact on the whole system, making it of crucial importance. Via the exploration of effects, it can be shown the deliberate use of those factors that generate outstanding results and success from the point of view of sustainability, and thus internal development, customer appreciation, and financial success. By taking the results of the research into consideration, it will also be revealed that success factors in the processing industry in Hungary have the most direct and the largest impact on outstanding sustainability performance.

Enhancing the Formation and Implementation of Sustainability Strategies Using the Balanced Scorecard

2015 ◽  
pp. 589-615
Author(s):  
Gyula Fülöp ◽  
Bettina H. Hernádi ◽  
Marjan S. Jalali ◽  
Ieva Meidutė-Kavaliauskienė ◽  
Fernando A. F. Ferreira
Keyword(s):  
Balanced Scorecard ◽  
The Balanced Scorecard ◽  
Corporate Strategies ◽  
Business Excellence ◽  
Sustainability Strategies ◽  
Sustainability Strategy ◽  
The Social ◽  
Sustainability Balanced Scorecard ◽  
A Company

Given the strategic challenges of the 21st century, it becomes fundamental to determine strategic alternatives for sustainability. This chapter aims to contribute to the successful formation and implementation of corporate strategies for sustainability and business excellence, through the development and application of an extended Balanced Scorecard (BSC), which includes the social and environmental perspectives. We outline the structure for a Sustainability Balanced Scorecard (SBSC) as well as the steps required for its development. Elements for each of the different sustainability strategies of the SBSC are proposed and, finally, a case study of the formation and introduction of a “credible” sustainability strategy in the chemical industry is presented. The results demonstrate the usefulness of the SBSC in pursuing sustainability strategies, and provide evidence that the introduction of such a system is likely to lead to fundamental changes in the way a company is managed. Practical implications and managerial guidelines are also presented.

scholarly journals Sistem Pengukuran Kinerja Manajemen Untuk Mengevaluasi Tujuan Perusahaan Menggunakan Model Balanced Scorecard Dan Gamification

2019 ◽  
Vol 4 (4) ◽  
pp. 276
Author(s):  
Herda Dicky Ramandita ◽  
Ema Utami ◽  
Emha Taufik Lutfi
Keyword(s):  
Organizational Development ◽  
Balanced Scorecard ◽  
Technological Development ◽  
Balance Performance ◽  
Balance Scorecard ◽  
The Balanced Scorecard ◽  
The Republic ◽  
Business Entities ◽  
A Company ◽  
Legal Entities

Perusahaan adalah setiap bentuk usaha yang melakukan kegiatan secara tetap dan terus–menerus dengan memperoleh keuntungan dan atau laba bersih, baik yang diselenggarakan oleh orang perorangan maupun badan usaha yang berbentuk badan hukum atau bukan badan hukum, yang didirikan dan berkedudukan dalam wilayah negara RI. Kemajuan teknologi yang terus berkembang selalu memberikan perubahan – perubahan baru dalam meningkatkan kualitas dan kinerja suatu perusahaan, dalam era perkembangan teknologi yang semakin kompetitif perusahaan dituntut mampu menyusun menajemen strategis dalam rangka mengembangkan organisasinya agar dapat bertahan dan memenangkan persaingan. Pengukuran kinerja merupakan salah satu faktor yang penting dalam mencapai tujuan perusahaan, Salah satu model pengukuran kinerja adalah Balance Scorecard. Balance Scorecard adalah pengukuran kinerja perusahaan yang modern dengan mempertimbangan empat perspektif (yang saling berhubungan) yang merupakan penerjemahan strategi dan tujuan yang diingin dicapai oleh suatu perusahaan, yang kemudian diukur dan dimonitor secara berkelanjutan. Model lain yang bisa diadopsi adalah Gamification, gamification merupakan integerasi game element kedalam sistem informasi atau aplikasi non-game. Sistem pengukuran kinerja menggunakan model Balanced Scorecard yang didukung dengan Gamification menjadikan model Balanced Scorecard lebih interaktif. Kata Kunci — kinerja manajemen, balanced scorecard, gamifikasiCompany is any form of business conducting activities on a regular basis and continuously, whether held by individuals or business entities which are legal entities or legal entities, established and domiciled within the territory of the Republic of Indonesia. Technological advancements are always evolving always provide new changes in improving the quality and performance of a company, in an era of increasingly competitive technological development companies are required able to arrange management in the framework of organizational development in order to survive and win. Balance Performance Scorecard is one of the important factors in achieving company goals. Balance Scorecard is a modern enterprise performance measurement with consideration of four perspectives (interconnected) which is a translation of strategy and goals desired by a company, which is then measured and monitored continuously. Another model that can be adopted is Gamification, gamification is an integeration game element in information systems or non-game applications. The Balanced Scorecard system is more interactive. The Balanced Scorecard model is more interactive. Keywords — performance managemet, balanced scorecard, gamification

scholarly journals Analisis IFE, EFE, dan Balance Scorecard pada Grup Perusahaan PT Kirana Megatara

2019 ◽  
Vol 1 (1) ◽  
pp. 118
Author(s):  
Christian Chandra Kusuma ◽  
Carunia Mulya Firdausy
Keyword(s):  
Balanced Scorecard ◽  
Success Factors ◽  
Business Processes ◽  
Swot Analysis ◽  
External Factors ◽  
Balance Scorecard ◽  
Financial Perspective ◽  
Measurement Tools ◽  
Internal And External Factors ◽  
Performance Results

This research objective is aimed to analyze and evaluate the internal and external factors of the company and to design the balance scorecard as an alternative of performance measurement tools to support the company’s vision, mission, and strategy to achieve competitive advantage. The internal and external factors are to knowing what are the strengths and weaknesses of the company, also the opportunities and threats from the outside of the company. Based on the SWOT analysis, PT Kirana Megatara can identify the key success factors to compete with other companies in the same industry. Balanced Scorecard enables companies to record financial performance results as well as monitor progress in building the company's ability and to obtain intangible assets that required for future growth. Balance scorecard measures the performance of companies on the four perspectives of balanced: financial, customer, internal business processes, and learning growth to create strategy maps of the company. Based on the balance scorecard analysis, the current performance in PT Kirana Megatara is more focusing on financial perspective, which are growth of the sales and profitability increment. To achieve long term objective, PT Kirana Megatara should also concern of the other three perspectives of balance scorecard. 

scholarly journals PENERAPAN CORPORATE GOVERNANCE DENGAN MENGGUNAKAN BALANCE SCORECARD PADA BANK MANDIRI JEMBER

BISMA ◽  
2018 ◽  
Vol 11 (3) ◽  
pp. 378
Author(s):  
Ponti Primastuti Aulia Nugraheni
Keyword(s):  
Corporate Governance ◽  
Balanced Scorecard ◽  
Implementation Process ◽  
Balance Scorecard ◽  
Work Processes ◽  
The Balanced Scorecard ◽  
Goods And Services ◽  
Good Corporate Governance ◽  
A Company

Abstract: Good corporate governance is a barometer of for a company accountability. A poor corporate governance implementation is presumed as one of the causes of various corporate financial business scandals. Banking companies deal directly with the provision of goods and services to meet the wants and needs of the community. In this case, the community is the customer that must be served well in order to meet their satisfaction by applying a good organizational management mindset to improve the customer (community)  satisfaction. Applying the Balanced Scorecard (BSC) approach, banks will be able to explain their mission to the community, identify the indicators of public satisfaction more transparently, objective, and measurable, and  identify the work processes and the quality of human resources needed to achieve their mission and vision. In the implementation process, the banking activities will produce a community-oriented strategic management system. Keywords:  Corporate Governance, Bank, BSC.

scholarly journals ENVIRONMENTAL - BALANCED SCORECARD SEBAGAI STRATEGI DALAM MENGHADAPI PERSAINGAN DI MASA MENDATANG

2002 ◽  
Vol 1 (1) ◽  
Author(s):  
Werner R. Murhadi
Keyword(s):  
Performance Measurement ◽  
Balanced Scorecard ◽  
Balance Scorecard ◽  
Past Performance ◽  
The Balanced Scorecard ◽  
Future Performance ◽  
Negative Environmental Impact ◽  
And Performance ◽  
A Company

Present development in performance measurement only considers the financial aspects of company that focuses on the past performance or lag indicator. Companies need other indicators to be used as lead indicators, to look after future performance. It needs a new method to integrate goals and performance measurement in a company, and to achieve vision and mission of the company. Balanced Scorecard system included, performance measurement based on financial aspect and non-financial aspects.Besides using the Balanced Scorecard as performance measurement, some companies use it as a strategic management system to manage its strategy for the long term. The Balance Scorecard, still could not response rapid concerns of society in environmental problems. Increasing of environmental awareness in the global society makes companies should not consider only on four perspectives in Balanced Scorecard, but also on environmental perspectives on companies' environment. Company's vision, mission and strategy should be reflected and inspired in the five aspects in Environmental-Balanced Scorecard.Tight competition in the industry and people's concern in reducing pesticide in the environment compels a company to develop strategies which can be used to satisfy its stakeholder. Environmental-Balanced Scorecard implementation as a management strategic system will help the company developing its competitive strategy and will satisfy society's demand to overcome negative environmental impact from its product.

Value-driven issues throughout the development of sociological theory

2020 ◽  
pp. 147-160
Author(s):  
Gulbarshyn Chepurko ◽  
Valerii Pylypenko
Keyword(s):  
Social Interactions ◽  
Social System ◽  
Sociological Theory ◽  
Social Scientists ◽  
Social Sphere ◽  
Technological Advances ◽  
The Social ◽  
The Individual ◽  
Different Levels

The paper examines and compares how the major sociological theories treat axiological issues. Value-driven topics are analysed in view of their relevance to society in times of crisis, when both societal life and the very structure of society undergo dramatic change. Nowadays, social scientists around the world are also witnessing such a change due to the emergence of alternative schools of sociological thought (non-classical, interpretive, postmodern, etc.) and, subsequently, the necessity to revise the paradigms that have been existed in sociology so far. Since the above-mentioned approaches are often used to address value-related issues, building a solid theoretical framework for these studies takes on considerable significance. Furthermore, the paradigm revision has been prompted by technological advances changing all areas of people’s lives, especially social interactions. The global human community, integral in nature, is being formed, and production of human values now matters more than production of things; hence the “expansion” of value-focused perspectives in contemporary sociology. The authors give special attention to collectivities which are higher-order units of the social system. These units are described as well-organised action systems where each individual performs his/her specific role. Just as the role of an individual is distinct from that of the collectivity (because the individual and the collectivity are different as units), so too a distinction is drawn between the value and the norm — because they represent different levels of social relationships. Values are the main connecting element between the society’s cultural system and the social sphere while norms, for the most part, belong to the social system. Values serve primarily to maintain the pattern according to which the society is functioning at a given time; norms are essential to social integration. Apart from being the means of regulating social processes and relationships, norms embody the “principles” that can be applied beyond a particular social system. The authors underline that it is important for Ukrainian sociology to keep abreast of the latest developments in the field of axiology and make good use of those ideas because this is a prerequisite for its successful integration into the global sociological community.

Some reflections on social structure: Theoretical and practical aspects

2020 ◽  
Vol 18 (6) ◽  
pp. 1063-1078
Author(s):  
T.N. Skorobogatova ◽  
I.Yu. Marakhovskaya
Keyword(s):  
Service Industry ◽  
External Factors ◽  
Infrastructure Development ◽  
Social Infrastructure ◽  
Social Sphere ◽  
The Social ◽  
Study Results ◽  
The Republic ◽  
Internal And External Factors ◽  
The Impact

Subject. This article discusses the role of social infrastructure in the national economy and analyzes the relationship between the notions of Infrastructure, Service Industry and Non-Productive Sphere. Objectives. The article aims to outline a methodology for development of the social infrastructure of Russia's regions. Methods. For the study, we used the methods of statistical and comparative analyses. The Republic of Crimea and Rostov Oblast's social infrastructure development was considered as a case study. Results. The article finds that the level of social infrastructure is determined by a number of internal and external factors. By analyzing and assessing such factors, it is possible to develop promising areas for the social sphere advancement. Conclusions. Assessment and analysis of internal factors largely determined by the region's characteristics, as well as a comprehensive consideration of the impact of external factors will help ensure the competitiveness of the region's economy.

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