Cost management implementation based on the Balanced Scorecard

DOI

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.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 2016 Conference on 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  - 10.2991/itsmssm-16.2016.19
ID  - Ryzhakina2016/05
ER  -