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The appearance of digitalisation among the viewpoints of Balanced Scorecard

Author

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  • Károly Szóka

    (University of Sopron Alexandre Lamfalussy Faculty of Economics)

Abstract

In the early 1990s, Robert S. Kaplan and David P. Norton developed a balanced evaluation- and index-system that supports the implementation of the strategy. This strategic control tool is the Balanced Scorecard which approaches and evaluates the company's activities and strategy from several perspectives, viewpoints. Today, one of the most important trend is the Industry 4.0 which creates intelligent, networked value chains through cyber-physical systems. Planning and deploying this is not easy but as a strategic issue it must appear in the Balanced Scorecard. Indicators to assist in the implementation of Industry 4.0 should be built in. We are reviewing the importance of Industry 4.0 and developing a Balanced Scorecard model that includes the factors that help to implement the strategy at Industry 4.0.

Suggested Citation

  • Károly Szóka, 2018. "The appearance of digitalisation among the viewpoints of Balanced Scorecard," Proceedings of International Academic Conferences 7508659, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:7508659
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    File URL: https://iises.net/proceedings/iises-annual-conference-sevilla/table-of-content/detail?cid=75&iid=042&rid=8659
    File Function: First version, 2018
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    More about this item

    Keywords

    Strategy; Balanced Scorecard; Industry 4.0; Digital Business Model;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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