Balanced Scorecard: Essence and Importance for Making Good Business Decisions to Ensure Sustainable Development of Business

Pirogova, T. E.; Poluleh, M. V.; Golysheva, N. I.; Sorokina, V.V.; Martyinenko, N. N.

doi:10.32014/2020.2518-1467.83

Cited by 2 publications

(1 citation statement)

References 3 publications

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“…The effectiveness of a company's activity is one of its characteristics showing the minimum amount of expenses necessary to achieve a goal. In other words, the more effective is a company's activity, the less resources it needs to achieve the same goals or implement the similar tasks [1].…”

Section: Introductionmentioning

confidence: 99%

Approaches to the Assessmnet of Corporate Management Effectiveness

Kazbekova¹,

Utegenova²,

Bekesheva³

et al. 2021

Bulletin of NAN RK

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The present work describes the issues of evaluation of corporate management effictiveness in organizations. The research presents scientific and practical significance in solving the problem of instruments and methods selection for proper assessment of the corporate management effectiveness. Therefore, the necessity of its critical study and systematization is a topical task not only for the research community, but for practical workers – owners of companies and managers. The paper shows a review of the most spread methodical approaches to the assessment of corporate management effectiveness. These were analyzed in terms of managerial, economic, quantitative and qualitative methods. The advantages and disadvantages of every investigated group of methods are described, the decisive factors that could be used for choosing one approach or another to assessment of the corporative management effectiveness were determined. Along with this, it was revealed that in some cases the application of only one method is not enough due to the variety of tasks set by the companies. Following this point of view, the paper investigates the opportunities of combination of qualitative and quantitative methods of assessment of corporate management effectiveness by investigation and interpretation of the combined methods of assessment developed by other authors. The results of investigation allowed obtaining some private conclusions that provide recommendations on developing the models of assessment of corporate management effectiveness, particularly by the combined application of different methods and criteria of assessment. The practical relevance of the investigation results is in the opportunity of its application by companies while developing the Plans and Strategies of corporate development. The results of the conducted analysis of approaches to the assessment of the corporate management effectiveness will allow the managers to have systematized and scientifically justified information on investigation of factors and indicators influencing on the effectiveness of corporate management that will allow taking timely measures on risk management that can decrease the effective functioning of a company in whole.

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Section: Introductionmentioning

confidence: 99%

Approaches to the Assessmnet of Corporate Management Effectiveness

Kazbekova¹,

Utegenova²,

Bekesheva³

et al. 2021

Bulletin of NAN RK

View full text Add to dashboard Cite

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Emphasis on the movement towards sustainable development in the global goal-setting of the Russian Railways Company

Chechenova

2021

SHS Web Conf.

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Research background: In recent years, we can observe a global transformation of transport systems in general, and first of all, railway transport. This transformation is predetermined by large-scale social, technological and economic progress in the transport services market, formed by a new consumption model. Purpose of the article: The purpose of this research is determination of the relationship between the adoption of a sustainable development policy and the effectiveness of the implementation of infrastructure development projects of JSC “Russian Railways”. Methods: The research methodology is based on the analysis of international approaches and evaluation criteria for ESG factors using analytical procedures for identifying cause-and-effect relationships of the Russian railway transport development strategy within the framework of ESG. Findings & Value added: The assessment of the strategic priorities of JSC “Russian Railways” in the strategy of sustainable development is given with the justification of trends and development criteria. The format of compliance of the Russian railway transport development strategy with the goals of sustainable growth with a comparison of national projects, state programs and strategic goals for the development of the transport complex of the Russian Federation is established. The analysis confirms the possibility of using the main results of the study when making decisions within the framework of the globalization of sustainable development of infrastructure sectors of the economy and, in particular, transport to attract “green” investments in projects for the development of main infrastructure with priority settings for energy efficiency, environmental friendliness and safety of the railway transport system.

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Balanced Scorecard: Essence and Importance for Making Good Business Decisions to Ensure Sustainable Development of Business

Cited by 2 publications

References 3 publications

Approaches to the Assessmnet of Corporate Management Effectiveness

Approaches to the Assessmnet of Corporate Management Effectiveness

Emphasis on the movement towards sustainable development in the global goal-setting of the Russian Railways Company

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