Download or read book Evaluation of the Relationship between the Implementation of Sustainability Balanced Scorecard SBSC and the Stock Performance written by Christoper Dewangga Pramudita and published by GRIN Verlag. This book was released on 2019-12-02 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2019 in the subject Business economics - Controlling, grade: 2,0, University of Applied Sciences Brandenburg, course: Finance Controlling & Accounting, language: English, abstract: In this paper, the goals will be emphasized on how the Balanced Score-card (BSC) can be improved towards a Sustainability Balanced Scorecard (SBSC) and used. Furthermore the correlation between the Implementation of Sustainability Balanced Scorecard (SBSC) and the Stock Performance in Study Case of DAX 30 Companies Performance between 2016 and 2018 would be theoretical evaluated and statistically tested. Nowadays, the term sustainability has become popular among companies to implicate social, economic and environmental pillars to their strategy and management of the company. Today, companies should not only focus on their profits, but they are also forced to concern about other issues such as social, economic and environmental. Unfortunately, many companies still do not know how to implement or measure its outcomes. Therefore, this academic paper might be helpful to assist especially managers to implement the concept of Sustainability Balanced Scorecard (SBSC) as strategic controlling for their long-term success. However, these issues would be a challenge for all managers who in general have role for planning, organizing, leading, and controlling so that they need a tool such as Sustainability Balanced Scorecard which might be supporting them. Moreover, having concern to other issues above and inserting them into the concept of Balanced Scorecard, which is in general consisting of four perspectives, such as finance, customer, internal process, and learning & growth, it might become a challenge because they probably need to spend extra more money for doing that and it might affect to their profit.

Download or read book The Sustainability Balanced Scorecard as a Strategic Controlling Tool written by Christoper Dewangga Pramudita and published by GRIN Verlag. This book was released on 2020-01-21 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Akademische Arbeit aus dem Jahr 2019 im Fachbereich BWL - Controlling, Note: 2,3, Fachhochschule Brandenburg, Veranstaltung: Finance Controlling & Accounting, Sprache: Deutsch, Abstract: The following questions are discussed in the paper: Why is it so necessary applied for sustainability of the business nowadays? How can the implementation of SBSC help the company’s financial performance? What are the benefits of implementing SBSC? This work might be helpful to assist especially managers to implement the concept of Sustainability Balanced Scorecard (SBSC) as strategic controlling for their long-term success in their sustainability strategy. During the last decade, environmental and social issues, are reflected in market transactions and have become an important issue so that many companies implemented specific environmental and social management systems. However, these systems have rarely been integrated with the general management system of a firm so that it is often not related to the economic success of the firm and the economic contribution of environmental and social management. The topic about Corporate Social Responsibility (CSR) has become familiar nowadays, where companies, especially listed companies, have disclosed their CSR-activities, which involve economic, environmental and social issue, in their annual report or in their sustainability reports to show to the public that they are also concerned about these issues. Furthermore, sustainability has increasingly become an important issue for wellbeing of human life and it is responsibility of many parties such as individuals, corporations, or governments. Nowadays, the term sustainability also has become popular among companies to implicate social, economic and environmental pillars to their strategy and management of the company. Today, companies should not only focus on their profits, but they are also forced to concern about other issues such as social, economic and environmental. Unfortunately, many companies still do not know how to implement or measure its outcomes.

Download or read book Sustainability Performance Evaluation System in Government written by Nan Chai and published by Springer Science & Business Media. This book was released on 2009-09-18 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Progressing towards sustainable development raises important challenges to conducting performance evaluations in governments because there are neither generally accepted methods nor specific standards to be met at present. Sustainability Performance Evaluation System in Government, makes a conceptual contribution to public sustainability performance evaluation and develops a set of framework indicators with the help of the strategic and comprehensive approach “Sustainability Balanced Scorecard”. As a conceptual basis for the further research and application, this volume will be of great interest to researchers and practitioners at many levels of environmental / sustainability, public management and strategic control studies. Evaluators will find methodological approaches and applied tools for their work. Decision-makers and managers will find it valuable to manage the social, economic and environmental issues in a balanced and integrated manner. Governments will also find it helpful in assisting them in establishing an evaluation system towards sustainable development.

Download or read book Pursuing Sustainability with the Balanced Scorecard written by Erik G. Hansen and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Balanced Scorecard as Strategic Controlling Instrument Introducing the Indicators based BSC for Implementation of a Corporate Strategy from Four Different Perspectives written by Christoper Dewangga Pramudita and published by Anchor Academic Publishing. This book was released on 2016-05-10 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nowadays, many companies should not only discuss about how to obtain profits from their products. They should also be forced to use any other aspect that has the ability to increase the impact for their long-term success. Examples are: discussing about the quality of their products, the relationship between them and their customers and employees, the production process as well as marketing. Those are the challenges for all managers who are not only struggling to achieve their company’s targets - high profits - but also to achieve customers', employees' and stakeholders' satisfaction. Therefore, managers need to seek out an approach which is able to help them finishing their tasks and involves all the aspects mentioned. Nevertheless, it is not easy to reconcile conflicting demands of individual interest groups. The concept of the balanced scorecard (BSC) is one of the modern approaches to handle these challenges. The balanced scorecard is the main topic of this book. More precisely, it explains the benefits of introducing the indicators-based balanced scorecard as a strategic controlling instrument for implementation of a corporate strategy from four different perspectives: financial, customer, internal business process as well as learning and growth perspective.

Download or read book Creating a Balanced Scorecard for a Financial Services Organization written by Naresh Makhijani and published by John Wiley & Sons. This book was released on 2011-07-20 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to tap the power of the balanced scorecard, for financial services organizations Designed to help financial services organizations build and implement the strategic management framework known as the balanced scorecard, Creating a Balanced Scorecard for a Financial Services Organization is the book you need to ensure accountability, transparency, and risk management in your enterprise. The financial crisis revealed the many shortcomings of the industry, but with this book in hand you can make the most of the mistakes of the past to build a better, stronger business that balances both short- and long-term goals. Rich in the latest theoretical thinking and incorporating case studies that show the balanced scorecard system in action, the book covers both financial and non-financial performance perspectives in one comprehensive volume. Written by two leading practitioners with years of real-life experience, the book is the definitive step-by-step guide to implementing the balanced scorecard throughout your organization, aligning your whole business with your strategic goals. Includes everything you need to improve performance transparency, accountability, governance procedures, risk management, and more for financial services organizations of any kind Packed with expert advice and case studies that show the ideas presented in action Written by leading experts who have successfully implemented the balanced scorecard system in their own companies Accessible and in-depth, Creating a Balanced Scorecard for a Financial Services Organization is the book you need to improve your business.

Download or read book Sustainability Performance Evaluation System in Government written by Nan Chai and published by . This book was released on 2009-09-20 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Balanced Scorecard A Critique written by Philippe-Artus Hoerle and published by GRIN Verlag. This book was released on 2009-09-03 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2005 in the subject Business economics - Business Management, Corporate Governance, grade: 1.0, Anglia Ruskin University, language: English, abstract: In today’s business environment measuring business performance is a matter of life and death within any organisation (compare Ittner and Larcker, 1998). Due to the changing nature of work and increasing competition with changing demands (Neely, 1999) the number of people interested in business performance measurement has recently increased dramatically. But business performance measurement is confronted with a vital choice what system the company should use to quantify the success of the organisation’s strategy. In this context the Balanced Scorecard(Kaplan and Norton, 1992, 1996) is almost used as a synonym for measuring Business Performance Measurement (BPM). With this in mind, the following dissertation aims at a critical exploration and assessment of the framework of the Balanced Scorecard (BSC) and it examines if this framework merits its wide popularity experienced and still experiences. Following a definition of the BSC, the author turns to the elements of the BSC with its key proclamations. Strengths and weaknesses will be outlined by considering different case scenarios. The main attention will be put on the question whether the BSC leads to better business results, as it is publicized, or if its wide use is only an outcome of its effective promotion. Before the analysis comes to an ending in which it summarises the key points, the author suggests some recommendations for organisations when using the BSC, in order to meet its problem areas. In this context the author’s personal view will be flowing in.

Download or read book A Balanced Scorecard Framework for Measuring Sustainability of Business Organizations written by Varun Arora and published by . This book was released on 2015 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sustainability is about meeting the needs of today without compromising the needs of future generations. It involves focus on three main dimensions economic, environmental and social for achieving overall performance. Majority of the companies are adopting sustainability for business growth and boosting their corporate image for long term competitiveness, thereby receiving financial benefits as well. Sustainability is a concept that has come into picture a few years back and presently making a big mark in every field. In the thesis, we propose a balanced scorecard framework for measuring sustainability performance of business organizations. We begin by studying, why the companies should invest in sustainability initiatives and what are the tools used for measuring sustainability. We investigate different scorecards for measuring sustainability and propose a new sustainability scorecard model to measure organization’s overall sustainable performance. Our sustainability scorecard encompasses four main dimensions namely organization, process, core and learning. Each of these dimension comprises of various indicators obtained from GRI and corporate reports of 100 most sustainable companies- Forbes. The application of the sustainability scorecard is performed via multi criteria decision making technique called- Analytical Network Process (ANP). A numerical study is provided. The strength of the proposed model is that, - it overcomes the problems faced by the traditional balanced scorecards in sustainability evaluation of organizations. It provides a strong framework, has great flexibility and allows the opportunity to study the impact of one indicator over the other through the means of sensitivity analysis to identify improvements.

Download or read book Sustainability Balanced Scorecard written by Tanja Röhrig and published by GRIN Verlag. This book was released on 2013-07-16 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studienarbeit aus dem Jahr 2006 im Fachbereich BWL - Unternehmensführung, Management, Organisation, Note: 1,3, Fachhochschule Trier - Hochschule für Wirtschaft, Technik und Gestaltung, Sprache: Deutsch, Abstract: Erklärtes Oberziel aller unternehmerischen Handlungen ist die langfristige Gewinn- und Substanzsicherung. In dieser allgemeinen Form kann sich das Ziel eines Unternehmens auf einen breiten Konsens stützen. Sobald dieser Vorsatz kon-kretisiert wird, treten Konflikte zutage, die sich vor allem auf die Fragen beziehen, welche Werte für wen und auf welche Weise geschaffen werden sollen. Die Zukunft wird den Unternehmen gehören, welche sich nicht von bisherigen Erfolgen treiben lassen, sondern frühzeitig Veränderungen erkennen und ihre Unternehmensentwicklung dahingehend aktiv gestalten. Vor diesem Hintergrund gewinnt das Leitbild der »nachhaltigen Entwicklung« (sustainable development) zunehmend an Bedeutung. Im Nachhaltigkeitskonzept geht es darum, einen integrativen Ansatz zu finden, der ökonomische, ökologische und soziale Aspekte gleichermaßen in unternehmerischen Handlungen und Entscheidungen berücksichtigt. Diesem Anspruch werden jedoch die wenigsten Unternehmen gerecht. Vielfach werden ökologische und soziale Fragen isoliert und parallel zum Kerngeschäft in separaten Abteilungen und Gremien getrennt von der Linie und dem Tagesgeschäft behandelt. In diesem Zusammenhang werden Umwelt- und Sozialmanagementsysteme oft neben den konventionellen betriebswirtschaftlichen Managementsystemen als »Satelittensysteme« geführt. Eine solche Vorgehensweise lässt darauf schließen, dass sich Konfliktpotenziale abzeichnen und weder die ökologischen und sozialen noch die ökonomischen Potenziale im Sinne einer nachhaltigen Entwicklung ausgeschöpft werden. Wie können Unternehmen dieser vielbeschworenen Forderung der Integration von ökologisch und sozial ausgerichteten Aktivitäten mit den ökonomischen Zielen nachkommen? Ein möglicher Ansatzpunkt bietet die Sustainability Balanced Sco-recard, ein Instrumentarium, das zu einer besseren Identifikation und Koordination von erfolgsrelevanten marktlichen und außermarktlichen Umwelt- und Sozialaspekten beitragen kann.

Download or read book Balanced Scorecard als externes Publizit tsinstrument des Integrated Reportings written by Simon Giessing and published by diplom.de. This book was released on 2016-10-04 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bereits im Jahr 1606 wurde durch die Herausgabe der weltweit ersten Aktie die Basis für eine kapitalmarktorientierte externe Rechnungslegung geschaffen. Globale gesellschaftliche Entwicklungen und Trends stellen diese Rechnungslegung heute allerdings vor eine Vielfalt neuer Herausforderungen. Dazu gehören etwa die gestiegene Nachfrage nach nachhaltigen Produkten, die Erweiterung des Adressatenkreises, die Forderung nach mehr Transparenz sowie die zunehmend erwartete Zukunftsorientierung der Berichterstattung. Dieses Informationsbedürfnis versuchen die Unternehmen mit einer stetig steigenden Anzahl verschiedener Unternehmensberichte zu befriedigen, wodurch eine Informationsüberflutung mit immer mehr unverbunden nebeneinanderstehenden Berichten entsteht, die allerdings eher zu Verwirrung führt, anstatt bestehende Informationsasymmetrien effizient abzubauen. Infolge dieses Missstands wurde das Integrated Reporting (IR) als Reformierung der internationalen Rechnungslegung vorgestellt. Ziel ist das Aufgreifen der globalen Trends und Entwicklungen, um ein realitätsgetreueres Bild der Wertschöpfungspotentiale von Unternehmen zu zeichnen. Im Zentrum stehen dabei vor allem die verstärkte Betrachtung nicht finanzieller Aspekte der Wertschöpfung sowie die Verknüpfung der Informationen aus der Vielzahl der publizierten Berichte. Die vorliegende Arbeit untersucht in diesem Kontext die Nutzung der Balanced Scorecard als externes Publizitätsinstrument des Integrated Reportings. Dazu wird zunächst eine Weiterentwicklung des konventionellen Balanced Scorecard Modells entworfen, die sich der besonderen Anforderungen und Gegebenheiten des Integrated Reportings annimmt. Anschließend werden Möglichkeiten diskutiert, diese Modellerweiterung im Rahmen der externen Unternehmenskommunikation anzuwenden, um somit eine Brücke zwischen den Unternehmen und der Öffentlichkeit zu schlagen und bestehende Informationsasymmetrien abzubauen.

Download or read book The Balanced Scorecard written by Kadir Yilmaz and published by GRIN Verlag. This book was released on 2009-10-10 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2009 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, University of Applied Sciences Berlin (FOM), course: Master of Business Administration, language: English, abstract: In the beginning of the 1980 s a new Management Theory was introduced. Rappaport made one of the first Concepts about business performance (Rappaport, A. creating shareholder value: the new standard for business measuring, New York 1986) in 1986. This was taken as a basis of creating shareholder value for several years. In the early 1990 s a unique term was created by Norton and Kaplan from the Harvard Business School. They developed a Framework which combined fiscal and non-fiscal key figures in one report to allow straight translation of defined strategy into deserved action, The Balanced Score Card (BSC). Even non-profit organizations must handle in a sensible way with funds they receive.

Download or read book Managing the Business Case for Sustainability written by Stefan Schaltegger and published by Routledge. This book was released on 2017-09-08 with total page 626 pages. Available in PDF, EPUB and Kindle. Book excerpt: The difficulties in moving towards corporate sustainability raise the question of how environmental and social management can be integrated better with economic business goals. Over the last decade, the relationship between environmental and economic performance, and more recently the interaction between sustainability performance and business competitiveness, have received considerable attention in both theory and practice. However, to date, only partial aspects of the relationship between sustainability performance, competitiveness and economic performance have been studied from a theoretical as well as an empirical perspective. And, to date, no unique relationship has prevailed in empirical studies. A number of explanations have been put forward to explain this, including methodological reasons, such as the lack of statistical data, the low quality of that data, or the fact that such data is often available for short time periods only. Other theoretical explanations have been developed, such as the influence of different corporate strategies or the relatively small influence of environmental or sustainability issues as one factor among many on the economic or financial success of firms. So, how should the business case for sustainability be managed? This is the starting point for this book, which compiles insights on a large number of aspects of the link between sustainability performance, business competitiveness and economic success in an attempt to provide a comprehensive and structured view of this relationship. The book provides an unrivalled body of knowledge on the state of theory and practice in this field and identifies prospective future fields of work. The book includes: conceptual frameworks for the interaction of social, environmental and economic issues in business environments; case studies of companies that have successfully integrated social, environmental and economic issues; analyses of the causal and empirical relationship between environmental and/or social performance, business performance and firm-level competitiveness; concepts and tools useful for improving business value with proactive operational strategies; assessment of the factors influencing operational sustainability strategies and their economic impact; and comparisons of interactions between sustainability performance and firm competitiveness across industry sectors and countries. Managing the Business Case for Sustainability is the definitive work in its field: the most comprehensive book yet published on the theory and practice of managing sustainability performance, competitiveness, environmental, social and economic performance in an integrated way. It will be essential reading for managers, academics, consultants, fund managers, governments and government agencies, NGOs and international bodies who need a broad and comprehensive overview of the business case for sustainability.

Download or read book The MultiCapital Scorecard written by Martin P. Thomas and published by Chelsea Green Publishing. This book was released on 2016 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: For decades now, organizations have been struggling to find the best way to address their social and environmental responsibilities alongside their economic obligations. In other words, they want to know how best to effectively manage their operations based on a triple bottom line (3BL)--one that reflects social, environmental, and economic performance. Recently, an international standard for integrated reporting has emerged that in principle emphasizes the importance of managing toward a triple bottom line. But it fails to provide specific guidance on how to do so. Organizations have been left to their own devices to respond. How should 3BL management actually be done? In this book, sustainability and performance experts Martin Thomas and Mark McElroy introduce the world's most advanced 3BL performance accounting methodology: The MultiCapital Scorecard. It is the first context-based integrated measurement, management, and reporting system. And, it can help corporations, public institutions, and other organizations answer the question they should be asking themselves for every aspect of their operations: "How much is enough for us to be sustainable?" The answers set internal performance standards against which operations and their impacts can be measured. Nothing less will do! The MultiCapital Scorecard describes this open-source methodology, which consists of a structured, quantitative measurement and reporting system that complies with international standards for 3BL integrated measurement and reporting. Moreover, the MultiCapital Scorecard is designed to help organizations assess their own 3BL performance in their own contexts with context-based metrics of their own choosing. An eminently practical management aid for integrated thinking, it can be tailored to any organization's needs. The authors also describe how and why businesses are gradually shifting from managing impacts on only one type of capital (economic) to managing impacts on multiple types. They also provide detailed examples of worked reports, showing how organizations might develop and quantify the interim and long-term goals to meet their obligations to their employees, community, shareholders, and the environment. The examples also show how an organization can use the Multicapital Scorecard methodology to assess their progress in meeting those goals, and convey that progress to their stakeholders.

Download or read book Benefits of Introducing the Indicators based Balanced Scorecard as Strategic Controlling Instrument for Implementation of Corporate Strategy from Four Different Perspectives written by Christoper Dewangga Pramudita and published by . This book was released on 2016-03-16 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2015 in the subject Economics - Other, grade: 2,1, University of Applied Sciences Bremen, language: English, abstract: Nowadays, many companies should not only discuss about how to obtain profits from their products, which are successfully sold to their customers, but also they should be forced to use any other aspects that are able to give more impact for their long-term success. For examples, discussing about quality of their products, relationship between them and their customers and employees, and the production process as well as marketing. Those are the challenges for all managers who are not only struggling in achieving company's targets - high profits but also in achieving customer, employees and stakeholders satisfaction. Schermerhorn (2011, p. 16) generally sees the role of managers in a company and stated that all managers, regardless of their titles, levels, types, and organisational settings, are responsible for the four primary management functions which are defined by Lewis, et al. (2007) as planning, organising, leading, and controlling. a)Planning should be described that managers have tasks in setting targets and in defining actions that are necessary to achieve the targets of their companies. b)Organizing involves determining the assignments to be done and how those assignments would be managed and coordinated to reach the company's targets. c)Leading should be defined that managers should be able to guide, to motivate, and to lead the employees in order to effectively and efficiently achieve company's targets. d)Controlling requires the managers to monitor process of planning, leading and organising whether its process may be able to help reaching the targets, targets have been achieved as expected and applied strategies have been effective or not. It is difficult for managers to accept the challenges. Therefore, managers need to seek out an approach which is able to help them finishing their tasks and involve

Download or read book Using the Balanced Scorecard as a Control System for Monitoring and Revising Corporate Strategy written by Dennis Campbell and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper illustrates how a company can use its performance measurement system to i) evaluate its operating strategy, ii) identify potential problems with its strategy, and iii) devise plans to mitigate these problems. Kaplan and Norton (1992) define strategy as a set of hypotheses linking non-financial measures to future value through a series of cause-and-effect relationships. Using data from a convenience store chain, we demonstrate how performance measures and the links between the measures can be used to identify potential problems with the firm's operating strategy. Furthermore, we explore whether the performance measurement system can highlight the causes of these problems and identify possible solutions. While preliminary tests indicate no significant direct relationship between non-financial measures of strategy implementation and the firm's financial performance, detailed analysis reveals that financial performance is associated with the interaction of measures of strategy implementation and employee skills. Financial performance also directly relates to employee skills and store location proxies. We find that the firm's strategy positively (negatively) impacts financial performance in stores with high (low) employee skill levels. Thus, a poor fit between strategy and capabilities primarily caused the ineffectiveness of the strategy. These findings highlight the importance of conditioning the formulation and implementation of a firm's strategy on its core competencies. More importantly, we demonstrate that performance measurement systems can be used to monitor, analyze, and revise a firm's strategy.

Download or read book Strategic Performance Measurement System and Sustainability Commitment written by Evangeline O. Elijido-Ten and published by LAP Lambert Academic Publishing. This book was released on 2012 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: The adoption of Strategic Performance Measurement Systems (SPMS) allows firms to supplement financial metrics with a diverse mix of non-financial performance measures to enable better monitoring of strategic progress and success. As climate change continues to dominate regulatory policy changes, many companies are now extending their SPMS to incorporate the three dimensions of sustainability: the 3P's-Planet, People and Profit. This SPMS extension is commonly referred to as Sustainability Balanced Scorecard (SBSC). This book examines the extent of SPMS and SBSC usage and disclosure among Australia's Top100 listed firms. It also explores the sustainability commitment level of firms using the Reactive-Defensive-Accommodative-Proactive model. The aim is to identify the SPMS/SBSC disclosers and to gain meaningful insights from exemplary examples of companies displaying high commitment to sustainability through proactive initiatives.