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Model Strategy For Performance Improvement Using Balance Scorecard On Company On Company Electrical Distributors

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  • , arasy alimudin

Abstract

The turbulent and complex business environment demands that an organization keeps updating its business travel map; take a strategic step that focuses the capabilities and commitment of all personnel to realize the organization's ideal future. Innovative companies use a balanced scorecard as a strategic management system that manages corporate strategy on a continuous basis. The Strategy Model using balanced scorecard on the company's electrical distributor is a strategic and operational business plan that is developed through the following steps: 1) description of vision and mission becomes the goal; 2) description of objectives into strategic advice; 3) Strategic description becomes a strategic initiative to achieve strategic objectives; 4) description of strategic initiatives into a program; and 5) a description into the budget program. The goal to be achieved in this research is to know the performance on the company's electrical distributor in improving profitability. The Balanced Scorecard analysis in the firm found that the financial perspective score 5, the Customer Perspective 3.08, the Internal Business Process Perspective of 3.04, and the Learning and Growth Perspective 2.7. Based on the results of the company score then determine the strategy to increase sales volume by increasing customer satisfaction through quality products with competitive prices, and increase the number of stock items. Optimizing the profit earned, so as to increase the company's ability to return capital to shareholders, by limiting the cost to the owner's personal needs.

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  • , arasy alimudin, 2020. "Model Strategy For Performance Improvement Using Balance Scorecard On Company On Company Electrical Distributors," OSF Preprints sk6gx_v1, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:sk6gx_v1
    DOI: 10.31219/osf.io/sk6gx_v1
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    1. ., 2008. "Korea's labor market and human resource management in transition," Chapters, in: International Business in Korea, chapter 9, pages 203-230, Edward Elgar Publishing.
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