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Strategic initiatives in balanced scorecard

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Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Introduction/background: The Balanced Scorecard (BSC) uses strategic initiatives as the primary means of implementing the strategy and achieving the strategic objectives. Although initiatives are crucial to implementing the strategy, the academic literature on them is scarce. Most BSC publications deal with strategic goals, metrics and indicators (including KPIs - key performance indicators). There is variety of methods to identify and evaluate strategic initiatives depending on the type of organisation, its size and other situational features. Aim of the paper: The aim of the paper is to present the essence and a role of strategic initiatives in implementing organisation strategy. Moreover, different practical approaches are presented and discussed on the basis of the selected cases. Based on the cases described, a general typology of strategic initiatives was proposed. Materials and methods: In the paper, the critical literature review is used to determine the theoretical understanding of strategic initiatives supporting strategic management process using BSC. Case studies of four selected organisations are used to present the practical aspects of strategic initiative. Results and conclusions: As a result, the paper shows the links between BSC strategic initiatives and project management. Different types of strategic initiatives and three levels of strategic initiatives in organisations were identified and discussed. The proposed typology allows us to reflect on strategic initiatives from a broader perspective.
Rocznik
Tom
Strony
77--89
Opis fizyczny
Bibliogr. 21 poz.
Twórcy
  • Silesian University of Technology, Faculty of Organization and Management
Bibliografia
  • 1. ABB Annual Report (2021). available on-line: https://new.abb.com/news/detail/88253/abb-publishes-2021-annual-report, 28.12.2022.
  • 2. Bracci, E., Maran, L., Inglis, R. (2017). Examining the process of performance measurement system design and implementation in two Italian public service organizations. Financial Acc&Man., Vol. 33, pp. 406-421, https://doi.org/10.1111/faam.12131.
  • 3. Canace, T.G., Juras, P.E. (2012), Pikesville Lightning: Evaluating Strategic Business Expansion Opportunities. IMA Educational Case Journal, Vol. 5, No. 2, Art. 3.
  • 4. Commision for Regulation of Utilities (CRU). Retrieved from: https://www.cru.ie/home/about-cru/corporate-information/#strategy, 28.12.2022.
  • 5. CRU (2022). Strategic plan 2022-2024. Retrieved from: https://www.cru.ie/wp-content/uploads/2022/11/CRU-Strategic-Plan-2022-2024-Final.pdf, 28.12.2022.
  • 6. Doktor honoris causa: Prof. Robert S. Kaplan, Available online: https://www.uni.lodz.pl/o-uniwersytecie/odznaczenia-ul/doktorzy-honoris-causa-ul/tytul-domyslny.
  • 7. Eilat, H., Golany, B., Shtub, A. (2008). R&D project evaluation: An integrated DEA and balanced scorecard approach. Omega. The International Journal of Management Science. Vol. 36, pp. 895-912, doi:10.1016/j.omega.2006.05.002.
  • 8. Ewing, P., Lundhal, L. (1996) The Balanced Scorecards at ABB Sweden - the EVITA project. Retrieved from: http://www.balanced-scorecard.de/docs/abb_evita_1.pdf, 28.12.2022.
  • 9. Gierszewska, G. (2019). Resource-wise determinants of formulating an organization's strategy. Scientific Quarterly “Organization and Management”, Vol. 2, No. 46, pp. 47-61, https://doi.org/10.1111/faam.12131.
  • 10. Kaplan, R.S., Norton, D.P. (1996). The Balanced Scorecard. Translating Strategy into Action. Boston: Harvard Business School Press (Polish edition: 2007). Strategiczna karta wyników. Jak przełożyć strategię na działanie. Warszawa: PWN.
  • 11. Kaplan, R.S., Norton, D.P. (2004). Strategy maps: converting intangible assets into tangible outcomes. Boston: Harvard Business School Press (Polish edition: 2011). Mapy strategii w biznesie. Jak przełożyć wartości na mierzalne wyniki. Gdańsk: Gdańskie Wydawnictwo Psychologiczne.
  • 12. Kaplan, R.S., Norton, D.P. (2006). Alignment: using the balanced scorecard to create corporate synergies (Polish edition: 2011). Dopasowanie w biznesie. Jak stosować strategiczną kartę wyników. Gdańsk: Gdańskie Wydawnictwo Psychologiczne.
  • 13. Kullvén, H. (2010). The Balanced scorecard in ABB. Retrieved from: https://www.kth.se/social/upload/2468/07%20OH%20BSC.pdf, 28.12.2022.
  • 14. Milis, K., Mercken, R. (2004) The use of the balanced scorecard for the evaluation of Information and Communication Technology projects. International Journal of Project Management. Vol. 22, pp. 87-97, doi:10.1016/S0263-7863(03)00060-7.
  • 15. Penc-Pietrzak, I. (2012). Stosowanie metod analizy strategicznej w planowaniu strategicznym przez duże polskie przedsiębiorstwa przemysłowe. Łodź: Zeszyty Naukowe Politechniki Łódzkiej.
  • 16. Quezada, L.E., Lopez-Ospina, H.A., Ortiz, C., Odderschede, A.M., Palominos, P.I., Jofre, P.A. (2022). A DEMATEL-based method for prioritizing strategic projects using the perspectives of the Balanced Scorecard. Int. J. Production Economics, Vol. 249, https://doi.org/10.1016/j.ijpe.2022.108518.
  • 17. Rigby, D., Bilodeau, B. (2018). Management Tools & Trends. Bain & Company. Retrieved from: https://www.bain.com/contentassets/f8361c5cd99e4f40bbbf83c17d6a91b9/bain_brief-management_tools_and_trends.pdf, 6.12.2022.
  • 18. Tawse, A., Tabesh, P. (2022). Thirty years with the balanced scorecard: What we have learned. Business Horizons, March, https://doi.org/10.1016/j.bushor.2022.03.005.
  • 19. University of Warsaw. Mission and strategy. Available online: https://www.uw.edu.pl/uniwersytet/misja-strategia-rozwoj/, 6.12.2022.
  • 20. University of Warsaw. Strategic initiatives. Available online: https://www.uw.edu.pl/inicjatywy-strategiczne-uniwersytetu-warszawskiego/, 6.12.2022.
  • 21. Yin, R. (2009). Case Study Research: Design and Methods. Sage Publication, Inc.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-4970504b-0efb-4b7b-84f6-3194b2816f39
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