• Title/Summary/Keyword: BALANCED MANAGEMENT

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A Study on Development of Balanced Scorecard System of Reverse Logistics Industry (회수물류업의 BSC(Balanced Scorecard) 시스템 개발)

  • Yun, Jun-Seop;Seo, Byeong-Ryun;Yang, Gwang-Mo;Gang, Gyeong-Sik
    • Proceedings of the Safety Management and Science Conference
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    • 2008.04a
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    • pp.333-337
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    • 2008
  • The Balanced scorecard has been evolved in various function. In the various functional Balanced scorecard, this paper focuses on the reverse logistics BSC, and the decision the weights of Key Performance Indicators. In this paper, a combination of Balanced scorecard and value evaluation based approach proposed multi-criteria provides a more accurate representation of the problem for measuring company.

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A Study on the application of Balanced Scorecard in Small Business: A case of development of a Human Resource Evaluation System (중소기업의 BSC활용방안에 관한 연구 : 인사평가제도 시스템 구축 사례)

  • Kang, Shin-Cheol
    • Journal of Information Technology Applications and Management
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    • v.16 no.1
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    • pp.77-96
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    • 2009
  • The balanced scorecard has drawn attention from many researchers in various fields since its appearance in 1992. It became a norm for performance evaluation framework in many areas, such as marketing, information system evaluation, strategic planning, etc. Centered in the large companies in Korea, the balanced scorecard has been popularly used as a performance evaluation tool for human resource management. Now we Question its applicability to performance evaluation tool even in small business. This study tried to apply the balanced scorecard in developing an information system for performance evaluation in a small business. The study showed that the balanced scorecard can be nicely used in small business as a performance evaluation tool. The process of developing an information system is described in detail. The practitioners are to obtain a lot of insights in designing their human resource management systems from the study results.

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Development of an Evaluation System of a LOS-based Balanced Scorecard for Road Infrastructure Asset Management (도로자산관리를 위한 서비스수준 기반 균형성과표 평가체계 개발)

  • Han, Dae Seok;Yoo, In Kyoon;Lee, Su Hyung
    • International Journal of Highway Engineering
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    • v.17 no.3
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    • pp.13-25
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    • 2015
  • PURPOSES : This paper aims at the implementation of a balanced scorecard that can be widely applied to modern business management for use in the public road management sector. METHODS : This study applied the newly developed LOS-based balanced scorecard system instead of a traditional Key Performance Index (KPI) for better decision making in asset management planning. As an evaluation technique, a" hierarchical alignment and cascading method" is also suggested. Finally, the suggested system has been empirically applied to a regional government. RESULTS : To provide stable and sustainable road services, the balanced scorecard informs the regional government of needed improvements in its asset management plans regarding budget optimization, structural management, the development of inner-business processes, and human resources. CONCLUSIONS : An LOS-based balanced scorecard for managing road services and organizations in a quantitative manner has been successfully developed and tested through a field study. The developed scorecard is a timely topic and a useful analytical tool for coping with the new phases of an aging infrastructure, tighter budgets, and demand for greater public accountability.

The System Dynamics Model Development for Management Performance Forecasting of Small and Medium Hospital (BSC기반의 중소병원 경영성과예측 시스템다이내믹스 모델개발)

  • Chung, Hee-Tae;Kim, Yoon-Sin;Kwak, Sang-Man;Lee, Yong-kyoon
    • Korean System Dynamics Review
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    • v.8 no.2
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    • pp.209-234
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    • 2007
  • Recently, balanced scorecard is widely used in the public sector as well as in the private sector. Balanced scorecard system of a particular hospital is a very useful tool in the sense that it shows various measures for the management including the traditional financial measures. However, since it does not show the impact of action items, managers have to analyze his potential decisions. On the other hand, a system dynamics model for the management of a hospital can be used to predict future management status. In this paper, a balanced scorecard system with a system dynamics model is developed for a small sized hospital, and the feasibility and applicability of the system have been tested. It turns out the combination of the balanced scorecard and system dynamics technique can be comprised each other. The balanced scorecard system can take advantage of the data forecasted by the system dynamics model including the implementation of action items taken today. On the other hand, the key performance indicators and action items from the balanced scorecard system provide guidelines the scope and direction of the system dynamics model. The additional efforts of developing a system dynamics model are well compensated by the additional colorful functionalities of the system. This paper also covers the future research areas for the combined system to be more effectively developed.

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Development of Regional Balanced Index for Administrative Districts and Dongs in Seoul using Factor Analysis (요인분석을 활용한 서울시 자치구/행정동의 지역균형지수 개발)

  • Kim, Dong-geun;Park, Kwiwon;Ha, Somi;Kim, Dohyun
    • Journal of Korean Society for Quality Management
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    • v.49 no.3
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    • pp.375-392
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    • 2021
  • Purpose: Regional gaps and conflicts between regions due to Korea's economic development and industrialization have become important issues, and the issue of balanced regional development at regional level has been discussed as the size of the region has increased recently. Although evaluation of regional balance was attempted through various regional balanced development indexes, it is inappropriate as a standard for determining regional balance in Seoul. Therefore, this study aims to develop objective evaluation methodologies and evaluation indicators for balanced development of administrative districts in Seoul, not existing city and national units. Methods: We looked at existing regional balanced development indexes, and suggested a new regional balanced index reflecting regional development, backwardness, and spatial characteristics in Seoul using factor analysis. Results: As a result of factor analysis, the regional balanced development index for administrative districts and administrative dongs consists of two factors (regional revitalization, financial power) and three factors (commercial density, social security demand, regional retardness), respectively. Then the regional balanced development index scores for 116 administrative districts and 423 administrative dongs are calculated by multiplying each factor by a weight obtained through experts' survey. Conclusion: The proposed regional balanced development index can be used as an objective and quantitative basis for regional balanced development within a city. Further research may include continuously adding new indicators that reflect the direction and scale of development.

A Study on Development of Balanced Scorecard System Application to Worker Value Analysis (작업자 가치 분석을 활용한 BSC(Balanced Score card) 시스템 개발에 관한 연구)

  • Yun, Jun-Sub;Seo, Byong-Yoon;Yang, Kwang-Mo;Kang, Kyung-Sik
    • Proceedings of the Safety Management and Science Conference
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    • 2007.04a
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    • pp.21-26
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    • 2007
  • Kaplan & Norton introduce the BSC in early 1990s. after introducing the Balanced scorecard, The Balanced scorecard has been evolved in various function. In the various functional Balanced scorecard, this paper focuses on the logistics BSC, and the decision the weights of Key Performance Indicators. In this paper, a combination of Balanced scorecard and AHP-LTV based approach proposed multi-criteria provides a more accurate representation of the problem for measuring company.

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The Evaluation of Organizational Effectiveness Based on Balanced Scorecard : A Case of Success of Skandia (BSC 기반의 조직효과성 평가 성공 사례 : 스칸디아 보험회사)

  • Kwon, Sang-Sun;Park, Ji-Hwan
    • Journal of Digital Convergence
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    • v.7 no.2
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    • pp.51-62
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    • 2009
  • Most studies of organizational effectiveness previously done, have measured financial performance such as productivity, efficiency or subjective performance such as a commitment, satisfaction, and turnover intention of employees. However, these measurements have limitations to evaluate a organizational effectiveness in recent knowledge information era because evaluation of organizational effectiveness in knowledge-based society needs measurements in various aspects such as financial, customer, internal business process, and learning and growth. The purpose of this study is to overcome these problems and to introduce an appropriate system for evaluation of organizational effectiveness under knowledge management paradigm. In this paper, we suggest a Balanced Scorecard(BSC) as a new measurement standard of organizational effectiveness in a knowledge information era. The balanced scorecard is designed to help firms that have historically overemphasized short-term financial performance. When measuring organizational effectiveness through Balanced Scorecard(BSC) suggested by Kaplan and Norton[31], it is to present the measurement indices that can cover the limitation of the past evaluation indices of organizational effectiveness.

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A Study on Design of S-BSC(Safety-Balanced ScoreCard) for Total Safety Evaluation (종합 안전평가를 위한 S-BSC(Safety-Balanced ScoreCard) 설계에 관한 연구)

  • Yang, Kwang-Mo
    • Journal of the Korea Safety Management & Science
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    • v.10 no.3
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    • pp.1-8
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    • 2008
  • Risk is the probability of an adverse event given exposure to hazard. There are many reason for unsafety situation without safety operation. The reason is no safety evaluation system in small enterprise. And then this study purposes safety management activities that is evaluation system for total safety efficiency's maximization. Therefore, in this study, this model that can evaluate quantitative activities in small enterprise that maximize safety efficiency wishes to do design using balanced scorecard. In other words, this study aims to suggest a performance measurement model reflecting the characteristics of safety evaluation system, especially the model for return manufacturing related to safety, and to develop the S-BSC(Safety-Balanced ScoreCard) measurement model using a weight lifetime value to which a relative weight is applied by using AHP based on the BSC.

A Study on the Strategy of Six Sigma by Balanced Score Card for Improving Reliability of Company (기업 신뢰성 제고를 위한 BSC 관점에서의 Six Sigma 추진전략에 관한 연구)

  • Kim, Dong-Kwan;Jung, Soo-Il
    • Proceedings of the Safety Management and Science Conference
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    • 2005.11a
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    • pp.291-299
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    • 2005
  • Even though, the recent management innovation techniques: The 'Six-Sigma' and the 'BSC (Balanced Score Card)' are introduced to many different companies and are used very effectively. Based on the company's substantial and unique characteristics, the quality and the strategies on management are showing the reliability limits in applications in the company. Therefore, the Integrated Management System is presenting a model for stable application of the activity in the Six-Sigma based on the theoretical notions of the BSC.

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A Study on the Strategy of Six Sigma by Balanced Score Card for Improving Reliability of Company (기업 신뢰성 제고를 위한 BSC 관점에서의 Six Sigma 추진전략에 관한 연구)

  • Kim Dong-Kwan;Jung Soo-Il
    • Journal of the Korea Safety Management & Science
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    • v.7 no.4
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    • pp.111-119
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    • 2005
  • Even though, the recent management innovation techniques: The 'Six-Sigma' and the 'BSC (Balanced Score Card)' are introduced to many different companies and are used very effectively, Based on the company's substantial and unique characteristics, the quality and the strategies on management are showing the reliability limits in applications in the company. Therefore, the Integrated Management System is presenting a model for stable application of the, activity in the Six-Sigma based on the theoretical notions of the BSC.