Balanced scorecard koncept kao menadžerski alat za formuliranje i implementiranje strategije organizacije
The Balanced Scorecard Concept as a Managerial Tool for Organizational Strategy’s Formulation and Implementation

Summary/Abstract: The Balanced Scorecard concept is a tool for translating a strategy into a language which is comprehensive not only to managers, but to all stakeholders. Modern organizations depend upon measurement and analysis of variety of performances and management ability to understand, control and direct functioning of the organization and implementation of organizational strategy. Balanced scorecard metrics must be developed and based on the priorities of the strategic plan, which provides the key organizational drivers and criteria for metrics that managers need to monitor the most. This is necessary because the indicators can demonstrate when it is crucial to accept certain changes and adapt to different organizations climates, thus generate new organization's core capabilities and develop competition advancement. Performance measurement is not vital in some simple organizations, but is of extreme importance in the complex and professional organizations it is of extreme importance. Complex organizations have more employees and consequently a larger number of organizational units. In order to establish coordination in all the organizational units, it is necessary to embed a system which will be capable of monitoring their work and generate better quality of organizational strategy implementation.

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