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THE USAGE OF THE BALANCED SCORECARD CONCEPT BY CZECH COMPANIES
Abstract
In todays rapidly changing business environment business performance is becoming increasingly important. Improving business performance becomes an integral part of the strategic management of any business that wants to succeed in today's competitive environment. New methods (concepts) that are used to measure and manage financial performance are gradually introduced. These methods include not only financial but also non financial indicators that describe financial performance in its entire complexity. The aim of this article is to present the research realized by the Department of finance and accounting at the Technical university of Liberec. The survey was conducted in the form of a questionnaire survey to obtain primary information on business entities located in the Czech Republic. The article analyses the influence of various sorting parameters on the extent in which businesses are using the Balanced Scorecard concept. To do so, the Clopper-Pearson binomial test is used. As sorting parameters the legal entity, the duration of the business and the branch of business are used.
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References12
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