Management Accounting

2020 ◽  
pp. 1-26
Author(s):  
Gary Cokins ◽  
Sorinel Căpușneanu
Keyword(s):  
Balanced Scorecard ◽  
Aluminum Industry ◽  
Practical Experience ◽  
Business Environment ◽  
Strategic Objectives ◽  
Economic Entity ◽  
Future Challenges ◽  
Original Case ◽  
The Aluminum Industry ◽  
Sustainability Balanced Scorecard

This chapter illustrates some aspects of sustainability balanced scorecard and its implementation within an economic entity in the aluminum industry. The main objectives of this chapter are to present balanced scorecard and integrate the fifth pillar into sustainability balanced scorecard, including some of its considerations and challenges. The authors identify the causes of SBSC appearance and its conceptual-evolving treatments, some considerations stemming from the practical experience of specialists, but also some current and future challenges. The focus is on the implementation of the SBSC within an economic entity in the aluminum industry by presenting an original case study. It highlights the steps taken in designing and presenting the SBSC, including the architecture of the strategic sustainability map used to translate the strategic objectives of the entity and the performance indicators. Through the authors' contribution, a new conceptual-empirical framework is created to consider debate and aspects of sustainability encountered in the business environment around the world.

scholarly journals How to Apply the Sustainability Balanced Scorecard Concept

2015 ◽  
Vol 52 (1) ◽  
pp. 65-80 ◽  
Author(s):  
Bojan Krstić ◽  
Vesna Sekulić ◽  
Vladimir Ivanović
Keyword(s):  
Performance Management ◽  
Balanced Scorecard ◽  
Social Performance ◽  
Business Environment ◽  
Economic Determinants ◽  
Modern Business ◽  
Competitive Success ◽  
Sustainability Balanced Scorecard ◽  
Corporate Social ◽  
Theoretical Foundations

AbstractMany successful enterprises have identified a large significance of non-economic determinants of business and their influence on competitive success. Social responsible behaviour becomes an imperative of modern business environment. Corporate social responsibility emphasizes more effective environmental and social performance management so that its influence on financial performance becomes more and more obvious. In that sense, the aim of this paper is to point out the theoretical foundations of the Sustainability Balanced Scorecard (SBS) concept, and to demonstrate an example of enterprise, which will show how to develop SBS in the aim of its successful application.

scholarly journals Rancangan Service Scorecard sebagai Pengukuran Kinerja Pelayanan Cargo

2015 ◽  
Vol 2 (3) ◽  
pp. 143
Author(s):  
Nurlailah Badariah ◽  
Tiena Gustina Amran ◽  
Aditya Friandy
Keyword(s):  
Performance Management ◽  
Customer Service ◽  
Balanced Scorecard ◽  
Business Processes ◽  
Business Environment ◽  
Strategic Objectives ◽  
The Balanced Scorecard ◽  
Financial Perspective ◽  
Customer Perspective ◽  
Charter Flight

<p><em>Abstrak<strong> – </strong></em><strong>Persaingan antara pelaku bisnis </strong><strong><em>charter flight</em></strong><strong> semakin ketat dalam persaingan global. perusahaan harus  dinamis dan adaptif terhadap perubahan lingkungan bisnis. Perubahan ke arah strategi yang dapat diimplementasikan sesuai dengan perkembangan persaingan </strong><strong><em>charter flight</em></strong><strong> untuk pelayanan yang terbaik bagi pelanggan. Penelitian ini menggunakan pendekatan aplikatif yaitu merancang suatu sistem yang dapat diaplikasikan pada perusahaan </strong><strong><em>charter flight</em></strong><strong>, yang telah memiliki sistem pengelolaan kinerja dengan menggunakan </strong><strong><em>Balanced Scorecard</em></strong><strong>. </strong><strong>Pada perancangan </strong><strong><em>Balanced Scorecard</em></strong><strong> terdapat 4 perspektif utama yaitu : </strong><strong><em>financial perspective , customer perspective, internal business processes , learning and growth perspective</em></strong><strong>. </strong><strong><em>Balanced Scorecard</em></strong><strong> tidak di desain secara spesifik untuk perusahaan jasa dan tidak bersifat prediksi.</strong><em> </em><strong>Sementara</strong> <strong><em>Service </em><em>Scorecard</em> memfokuskan spesifik pelayanan pada <em>customer perspective</em>. </strong><strong>Dari hasil penelitian diperoleh </strong><strong><em>Strategy Mapping</em></strong><strong> yang memuat tujuan-tujuan strategis dan indikator (<em>Lead dan Lag</em>) dari <em>Service Scorecard</em>. Terdapat 17 ukuran kinerja yang temuat di dalam 17 tujuan strategis dan 7 perspektif dari <em>Service Scorecard</em> yaitu : <em>Growth, Leadearship, Acceleration, Collaboration, Innovation, Execution, Retention</em>. Tujuan strategis yang dibuat dalam suatu Strategy Mapping dan indikator sangat berguna untuk menyusun langkah selanjutnya yang akan ditempuh oleh perusahaan. </strong></p><p> </p><p><em>Abstract<strong> – </strong></em><strong>Competition </strong><strong>between charter flight businesses increasingly stringent in a global competition. Companies must be dynamic and adaptive to changes in the business environment.  Changes in the direction of strategy that can be implemented in accordance with the competition  development of charter flight for the best service for customers. This research uses applicative approach to design a system that can be applied to the charter flight company, which already has a performance management system by using the Balanced Scorecard. In the Balanced Scorecard , there are four main perspectives: financial perspective, customer perspective, internal business processes, learning and growth perspective. Balanced Scorecard is not designed specifically to service companies and non-predictive. While the Service Scorecard specific focus on customer service perspective. This research has resulted a strategy map with subsequent strategic objectives and indicator (Lead and Lag) for Service Scorecard. Finally, there are 17 performance measures with subsequent 17 strategic objectives and 7 perspectives Service Scorecard: Growth, Leadearship, Acceleration, Collaboration, Innovation, Execution, Retention. Strategic goals made in a Mapping Strategy and indicator is very useful to formulate the next steps to be taken by the company.</strong><strong></strong></p><p><strong><em> </em></strong></p><p><strong><em>Keyword </em></strong><em>– Service Scorecard, Balanced Scorecard, Strategy Mapping, </em><em>customer perspective, </em><em>Lead dan Lag</em></p>

scholarly journals MODEL STRATEGY FOR PERFORMANCE IMPROVEMENT USING BALANCE SCORECARD ON COMPANY ON COMPANY ELECTRICAL DISTRIBUTORS

2020 ◽  
Author(s):  
arasy alimudin
Keyword(s):  
Balanced Scorecard ◽  
Corporate Strategy ◽  
Business Environment ◽  
Strategic Objectives ◽  
The Balanced Scorecard ◽  
Financial Perspective ◽  
Strategy Model ◽  
Competitive Prices ◽  
Process Perspective ◽  
Strategic Advice

The turbulent and complex business environment demands that an organization keeps updating its business travel map; take a strategic step that focuses the capabilities and commitment of all personnel to realize the organization's ideal future. Innovative companies use a balanced scorecard as a strategic management system that manages corporate strategy on a continuous basis. The Strategy Model using balanced scorecard on the company's electrical distributor is a strategic and operational business plan that is developed through the following steps: 1) description of vision and mission becomes the goal; 2) description of objectives into strategic advice; 3) Strategic description becomes a strategic initiative to achieve strategic objectives; 4) description of strategic initiatives into a program; and 5) a description into the budget program. The goal to be achieved in this research is to know the performance on the company's electrical distributor in improving profitability. The Balanced Scorecard analysis in the firm found that the financial perspective score 5, the Customer Perspective 3.08, the Internal Business Process Perspective of 3.04, and the Learning and Growth Perspective 2.7. Based on the results of the company score then determine the strategy to increase sales volume by increasing customer satisfaction through quality products with competitive prices, and increase the number of stock items. Optimizing the profit earned, so as to increase the company's ability to return capital to shareholders, by limiting the cost to the owner's personal needs.

scholarly journals BALANCED SCORECARD UNTUK MENILAI KINERJA PERUSAHAAN (BARAYA TRAVEL BANDUNG)

2019 ◽  
Keyword(s):  
Performance Measurement ◽  
Balanced Scorecard ◽  
Business Environment ◽  
Measurement Tool ◽  
Company Performance ◽  
Transportation Services ◽  
Strategic Objectives ◽  
The Balanced Scorecard ◽  
Evaluation Measurement ◽  
Traditional Performance

Uncertainty in an increasingly competitive business environment, especially in the raising and emergence of several new companies in travel transportation services, should encourage a company to be able to have better performance to compete. Companies are faced with various threats and opportunities that emerge in the business environment, thus exposed to the uniformity of the company’s performance measurement tools as an instrument of the company’s performance evaluation. Measurement of company performance applied by Baraya Travel Bandung still use traditional performance measurement, incomprehensive and not optimal yet. Baraya Travel Bandung needs a performance measurement tool that can provide an overview of the overall achievement of the company’s business. The design of performance measurement tool that became the purpose of this research is Balanced Scorecard. The design of performance measuring tools using the Balanced Scorecard begins with translating the company’s vision, mission and strategic objectives that are linked into four perspectives in the Balanced Scorecard.

scholarly journals Analisis Pengukuran Kinerja Perusahaan PT XYZ dengan Menggunakan Metode Balanced Scorecard

2019 ◽  
Vol 1 (1) ◽  
pp. 26
Author(s):  
Yakobus Teofilus ◽  
Anas Lutfi
Keyword(s):  
Human Resources ◽  
Balanced Scorecard ◽  
Swot Analysis ◽  
Strategic Alignment ◽  
Business Environment ◽  
Strategic Objectives ◽  
Financial Perspective ◽  
Strategy Map ◽  
And Performance ◽  
Strategic Outcomes

The business environment today in Indonesia is shifting to a whole new level of measuring its performances. Rather than only one financial perspective which causes evaluating the customer's needs, the internal processes, and the human resources separately, the company must have a comprehensive tool to link its vision and missions into strategies that can be implemented and measured. This research aims to analyze and explore the linkage of vision, missions into strategy map, also a measurement of performances at the company using SWOT analysis, TOWS analysis, IE matrix, and Balanced Scorecard analysis. This research presents that balanced scorecard measurement could give benefits by exploring the non-financial perspectives that enable the company to create strategic alignment between strategic objectives that link the company’s vision and missions into strategic outcomes and performance driver so can boost the company’s performance.

Sustainability Balanced Scorecard

Controlling ◽  
2004 ◽  
Vol 16 (8-9) ◽  
pp. 511-516 ◽  
Author(s):  
Stefan Schaltegger
Keyword(s):  
Balanced Scorecard ◽  
Sustainability Balanced Scorecard

On the effect of the periodicity of diagnostic measurements on improving the reliability of high-voltage transformers

2019 ◽  
Vol 12 (1) ◽  
pp. 18-21
Author(s):  
V. A. Tikhonov
Keyword(s):  
Service Life ◽  
High Voltage ◽  
Chromatographic Analysis ◽  
Aluminum Industry ◽  
Early Stage ◽  
Diagnostic Methods ◽  
Transformer Oil ◽  
Operating Voltage ◽  
Dissolved Gases ◽  
The Aluminum Industry

The influence of the periodicity of diagnostic measurements on the operational state of high-voltage transformers is considered. Examples of defects of switching devices of converter transformers and methods for their detection are given. The rationale for the importance of recognition of defects at an early stage of their occurrence is given. The influence of the multiplicity of overvoltages on the service life of converter transformers in the aluminum industry is investigated. Based on the analysis of the service life of converter transformers of one of the powerful aluminum plants, where 83% of converter transformers have exhausted their standard service life, it is shown that in 40% of cases it would be possible to avoid their failures, with timely detection and elimination of emerging defects. Examples of defects of OLR (on-load regulators) of converter transformers and methods for their detection are given. The importance of recognition of defects at an early stage of their occurrence is substantiated. A method for chromatographic analysis of dissolved gases in transformer oil has been developed for the qualitative determination of defects and ways to eliminate them. Examples of diagnostics of converter transformers at operating voltage and working load are given, providing the best quality operational characteristics of converter transformers. The periodicity of diagnostic measurements and the reduction of defects and failures has been substantiated. The question of diagnosing the state of the converter transformer TDNP-40000/10 at an enterprise of the aluminum industry is investigated. Currently, diagnostic methods are being developed based on chromatographic analysis of dissolved gases in transformer oil. The presented method of evaluating the operating parameters of transformers allows for the safe operation of high-voltage transformers and enables to increase the reliability of the power supply scheme of aluminum industry plants.

Digital Economy: New Opportunities and Threats for the Development of the World Economy

2018 ◽  
Vol 11 (2) ◽  
pp. 18-26 ◽  
Author(s):  
I. A. Strelkova
Keyword(s):  
World Economy ◽  
Practical Experience ◽  
Business Environment ◽  
Digital Economy ◽  
The State ◽  
Market Exchange ◽  
Country Level ◽  
The World ◽  
Business Structures ◽  
Definition Of

The paper examines various approaches to the definition of the term «digital economy» in the scientific and business environment along with factors and forms of its development in different countries taking into account the specifics of the current stage of the Russian economy, which is a matter of particular importance in seeking new sources of the world economy growth. The subject of the research is opportunities and threats inherent in the process of digitalization of economies and their impact on the operation of international and national markets as well as the development of the world economy as a whole. The purpose of the paper was to analyze the practical experience in the formation and development of the digital economy in foreign countries and Russia and identify the changes it brings to the activities of state institutions and business structures, established rules of market exchange, the process of promotion and use of innovations. All the above made it possible to determine the country-level specifics of the digital economy evolution reveal the contradictory nature of its manifestations and justify the necessity for active participation of the state in stimulation and support of potentially promising digital innovations in various sectors of the economy. It is concluded that the level of the digital economy development depends on the real-sector performance, the maturity of markets, the state of the national economy. It is highlighted that the criteria for a comprehensive assessment of the results of the economy digitalization must be developed.

scholarly journals Compaction of Cohesive Granular Material: Application to Carbon Paste

Materials ◽  
2021 ◽  
Vol 14 (4) ◽  
pp. 704
Author(s):  
Zahraa Kansoun ◽  
Hicham Chaouki ◽  
Donald Picard ◽  
Julien Lauzon-Gauthier ◽  
Houshang Alamdari ◽  
...  
Keyword(s):  
Numerical Simulation ◽  
Mechanical Behavior ◽  
Aluminum Industry ◽  
Frequency Effect ◽  
Strain Rates ◽  
Cyclic Tests ◽  
Carbon Paste ◽  
Rheological Models ◽  
Softening Behavior ◽  
The Aluminum Industry

Carbon-like materials such as the anode and the ramming paste play a crucial role in the efficiency of the Hall–Héroult process. The mechanical behavior of these materials during forming processes is complex and still ill-understood. This work aimed to investigate experimentally the mechanical behavior of a carbon paste used in the aluminum industry under different loading conditions. For this purpose, experiments consisting of (1) relaxation tests at different compaction levels, (2) quasi-static cyclic tests at several amplitudes, (3) monotonic compaction tests at varied strain rates, and (4) vibrocompaction tests at different frequencies were carried out. The obtained results highlight some fundamental aspects of the carbon paste behavior such as the strain rate’s effect on the paste compressibility, the hardening-softening behavior under cyclic loadings, the effect of cycling amplitude on the stress state and the paste densification, and the frequency effect on the vibrocompaction process. These results pave the way for the development of reliable rheological models for the modeling and the numerical simulation of carbon pastes forming processes.

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