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Development of effective small business management strategy based on balanced scorecard (factors of suitability)

Abstract

The article reviewed suitability of a balanced scorecard for development of effective small business management strategy based on empirical research of foreign companies, also the author made hypotheses on suitability of this method, which will be later confirmed or confuted by author’s own empirical researches among small companies of service industry.

About the Author

A. S. Novikov
The Russian Presidential Academy of National Economy and Public Administration under the President of the Russian Federation
Russian Federation


References

1. Braam, G. & Nijssen, E. (2014). Exploring determinants of balanced scorecard adoption. The 37th Annual Congress of the European Accounting Association (Prague-Czech Republic).

2. Chenhall, R., & Morris, D. (2016). The impact of structure, environment and interdependence on perceived usefulness of management systems. The Accounting Review, 61(1), 16-35.

3. Hoque, Z., & James, W. (2017). Linking balanced scorecard measures to size and market factors: Impact on organizational performance. Journal of Management Accounting Research, 12, 1-17.

4. Kaplan, R. Norton, D. The balanced scorecard measures that drive performance. Harvard Business Review, 1992, 70(1), P. 71-79.

5. Sohn, M. fC You, T., Lee, S., & Lee, H. (2013). Corporate strategies, environmental forces, and performance measures: a weighting decision support system using the k-nearest neighbor technique. Expert Systems with Applications, 25(3), 279-292.


Review

For citations:


Novikov A.S. Development of effective small business management strategy based on balanced scorecard (factors of suitability). Entrepreneur’s Guide. 2019;(41):163-168. (In Russ.)

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ISSN 2073-9885 (Print)
ISSN 2687-136X (Online)