Evaluation of Efficiency in Insurance Industry with use of Balanced Scorecard Frame

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F17%3A10235840" target="_blank" >RIV/61989100:27510/17:10235840 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Evaluation of Efficiency in Insurance Industry with use of Balanced Scorecard Frame
Original language description
The Balanced Scorecard is an effective method used within strategic management for creation and realization of strategic goals. It places em-phasis on personal and social responsibility of managers for enterprise development. The Balanced Scorecard system increases transparency of these goals, personal responsibility for the strategy, and it causes the growth of competitiveness and expansion of the enterprise. The Bal-anced Scorecard (BSC) defines financial and non-financial goals and indicators, which serve for measurement of performance and - after all - the successfulness of the enterprise. The data envelopment analysis (DEA) model is a model, which measures the efficiency by means of the rate of expended inputs to the produced outputs. The goal of this paper is to compare the technical efficiency of 13 insurance companies in Czech Republic with help of the non-parametric approach DEA, spe-cially the input-oriented model with the use of Balanced Scorecard frame. Outputs of the paper will be determined by BSC indicators in the sphere of insurance industry and then will be compared with the tech-nical efficiency by using DEA approach. Results showed that 4 insur-ance Czech companies were efficient, 4 highly and moderately efficient and 5 little efficient and inefficient.
Czech name
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Czech description
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Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 12th International Conference on Strategic Management and its Support by Information Systems: May 25th-26th, 2017, Ostrava, Czech Republic
ISBN
978-80-248-4046-8
ISSN
2570-5776
e-ISSN
neuvedeno
Number of pages
9
Pages from-to
184-192
Publisher name
VŠB - Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
May 25, 2017
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000417344100020

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