Balanced Scorecard as a tool for research and development performance management – a case study in an agriculture company
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25510%2F18%3A39914003" target="_blank" >RIV/00216275:25510/18:39914003 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Balanced Scorecard as a tool for research and development performance management – a case study in an agriculture company
Original language description
Purpose: The growing number of research oriented to research and development (R&D) performance reflects broad debates dedicated to R&D evaluation, measurement of its effectiveness related to competitiveness and also R&D added value and cost management. Therefore many authors call for research focused on the implementation of strategic management accounting tools, primarily the Balanced Scorecard (BSC) used as a R&D management tool in small and medium-sized enterprises (SMEs). The aim of this paper is to contribute to the empirical knowledge of implementation of strategic management accounting tools in R&D performance management, with a primary focus on the BSC implementation in SMEs. Design/methodology/approach: The purpose of this paper is to propose a procedure for R&D performance management tailored for SMEs based on BSC. This paper also intends to be an inspiration for further research in this area. As a case study method is recommend by the literature when a particular management tool is a desired output, the case study was provided in a case company. The investigation lasted nine weeks, three key steps can be recognized: (1) reference framework development; (2) strategic goals of the case company and the status quo of R&D management identification (3) development a BSC for the case company. Findings: The case study concludes the BSC proposal as a system of interrelated indicators and a procedure for R&D performance management. The indicators transform the strategic goals of the company into a set of corresponding R&D goals. Hereby this paper responds to the challenges endorsed by the literature, specifically the call to investigate the implementation of BSC in R&D performance management. Research/practical implications: Empirical research of the practical implementation of strategic management accounting tools is of a crucial importance of the further development of this scientific discipline. Innovation management measurement as well as R&D performance management are subjects of interest for a number of expert studies. The ambition of this paper is to provide a procedure for SMEs how to manage R&D by BSC, and also to bring an inspiration for further research in this field. Originality/value: The added value of this paper is extension of the existing knowledge concerning the BSC used in the management of R&D performance.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 6th International Conference Innovation Management, Entrepreneurship and Sustainability 2018
ISBN
978-80-245-2274-6
ISSN
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e-ISSN
neuvedeno
Number of pages
11
Pages from-to
591-601
Publisher name
Oeconomica
Place of publication
Praha
Event location
Praha
Event date
May 31, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000461375200049