Balanced Scorecard as a tool for research and development performance management – a case study in an agriculture company

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Balanced Scorecard as a tool for research and development performance management – a case study in an agriculture company

Popis výsledku v původním jazyce

Purpose: The growing number of research oriented to research and development (R&amp;D) performance reflects broad debates dedicated to R&amp;D evaluation, measurement of its effectiveness related to competitiveness and also R&amp;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&amp;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&amp;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&amp;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&amp;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&amp;D performance management. The indicators transform the strategic goals of the company into a set of corresponding R&amp;D goals. Hereby this paper responds to the challenges endorsed by the literature, specifically the call to investigate the implementation of BSC in R&amp;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&amp;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&amp;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&amp;D performance.

Název v anglickém jazyce

Balanced Scorecard as a tool for research and development performance management – a case study in an agriculture company

Popis výsledku anglicky

Purpose: The growing number of research oriented to research and development (R&amp;D) performance reflects broad debates dedicated to R&amp;D evaluation, measurement of its effectiveness related to competitiveness and also R&amp;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&amp;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&amp;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&amp;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&amp;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&amp;D performance management. The indicators transform the strategic goals of the company into a set of corresponding R&amp;D goals. Hereby this paper responds to the challenges endorsed by the literature, specifically the call to investigate the implementation of BSC in R&amp;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&amp;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&amp;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&amp;D performance.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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

Počet stran výsledku

11

Strana od-do

591-601

Název nakladatele

Oeconomica

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

31. 5. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000461375200049