Cost management implementation based on the Balanced Scorecard
Tatyana Ryzhakina, Nataliya Koroleva, Evgeniya Kovalev
Available Online May 2016.
- https://doi.org/10.2991/itsmssm-16.2016.19How to use a DOI?
- Economic value added, cost management concept, balanced scorecard, factor models, value indicators
- 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.
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 -