Proceedings of the 2016 Conference on Information Technologies in Science, Management, Social Sphere and Medicine

Cost management implementation based on the Balanced Scorecard

Authors
Tatyana Ryzhakina, Nataliya Koroleva, Evgeniya Kovalev
Corresponding Author
Tatyana Ryzhakina
Available Online May 2016.
DOI
https://doi.org/10.2991/itsmssm-16.2016.19How to use a DOI?
Keywords
Economic value added, cost management concept, balanced scorecard, factor models, value indicators
Abstract
The problem of raising the value of the machine-building enterprises, as the basic industry of the national economy has become vital. The article discusses the implementation of the concept of cost management based on the Balanced Scorecard. Integrating value-based management concept with a balanced scorecard becomes more effective due to the formalization of the strategy of financial and non-financial indicators of enterprise value creation. In the process of implementation of strategy aimed at increasing enterprise value, using balanced scorecard and factor models, enterprise value indicators are forecasted.
Open Access
This is an open access article distributed under the CC BY-NC license.

Download article (PDF)

Proceedings
Information Technologies in Science, Management, Social Sphere and Medicine
Part of series
Advances in Computer Science Research
Publication Date
May 2016
ISBN
978-94-6252-196-4
ISSN
2352-538X
DOI
https://doi.org/10.2991/itsmssm-16.2016.19How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Tatyana Ryzhakina
AU  - Nataliya Koroleva
AU  - Evgeniya Kovalev
PY  - 2016/05
DA  - 2016/05
TI  - Cost management implementation based on the Balanced Scorecard
BT  - Information Technologies in Science, Management, Social Sphere and Medicine
PB  - Atlantis Press
SP  - 88
EP  - 92
SN  - 2352-538X
UR  - https://doi.org/10.2991/itsmssm-16.2016.19
DO  - https://doi.org/10.2991/itsmssm-16.2016.19
ID  - Ryzhakina2016/05
ER  -