A General Principle of the Development Process of Balanced Scorecards as an Instrument of Control

IJASOS- International E-Journal of Advances in Social Sciences, Vol. III, Issue 8, August 2017

5 Pages Posted: 27 Mar 2018

See all articles by Venelin Terziev

Venelin Terziev

Georgi Rakovski Military Academy, Sofia, Bulgaria

Evgeniy Stoyanov

Vasil Levski National Military University

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Date Written: August 31, 2017

Abstract

The content of the material reveals that the main purpose is to establish the place and role of control principles in creating modern patterns of model managerial thinking such as the Balanced Scorecard. It is for this reason that the process of creating a balanced scorecard and revealing specific control principles in its gradual development is the subject of analysis. Tracking the chronology in the process has made it possible to ascertain in more general terms why the Balanced Scorecard model is gaining more popularity and, more specifically, to see how increasing the perimeter of modular impact predetermines the transformation of the scorecard into a universal methodology for precise and effective, management control.

Keywords: Balanced scorecard (BSC), model, control, principle

JEL Classification: D00, D04, O10

Suggested Citation

Terziev, Venelin and Stoyanov, Evgeniy, A General Principle of the Development Process of Balanced Scorecards as an Instrument of Control (August 31, 2017). IJASOS- International E-Journal of Advances in Social Sciences, Vol. III, Issue 8, August 2017, Available at SSRN: https://ssrn.com/abstract=3147147

Venelin Terziev (Contact Author)

Georgi Rakovski Military Academy, Sofia, Bulgaria ( email )

Sofia, 1000
Bulgaria

Evgeniy Stoyanov

Vasil Levski National Military University ( email )

Veliko Tarnovo
Bulgaria

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