The balanced scorecard approach as a performance management tool: a case study of the downstream sector of the oil industry

Gorgos Alexandru; Racul Iulian

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2023-08-08 03:10

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338.45:622.276 (2)

Производство продукции и услуг по отраслям народного хозяйства (1519)

Горное дело. Горные предприятия (рудники, шахты, карьеры). Добыча нерудных ископаемых (56)

SM ISO690:2012

GORGOS, Alexandru, RACUL, Iulian. The balanced scorecard approach as a performance management tool: a case study of the downstream sector of the oil industry . In: Perspectivele dezvoltării durabile a spaţiului rural în contextul noilor provocări economice, 14 septembrie 2018, Chişinău. Chișinău, Republica Moldova: Universitatea Agrară de Stat din Moldova, 2018, Vol.50, pp. 438-440. ISBN 978-9975-64-299-6.

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Perspectivele dezvoltării durabile a spaţiului rural în contextul noilor provocări economice
Vol.50, 2018

Conferința "Perspectivele dezvoltării durabile a spaţiului rural în contextul noilor provocări economice"
Chişinău, Moldova, 14 septembrie 2018

The balanced scorecard approach as a performance management tool: a case study of the downstream sector of the oil industry

CZU: 338.45:622.276

Pag. 438-440

Gorgos Alexandru¹, Racul Iulian²

¹ State Agrarian University of Moldova ,
² Oracle Ltd, Bucharest

Disponibil în IBN: 12 noiembrie 2019

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The paper addresses the aspects of implementing a performance management system within a company in the downstream sector of the oil industry. This includes defining an organization-wide strategy, perspectives, strategic objectives and, especially, Key Performance Indicators. After a throughout mapping of all these elements within a scorecard is performed, the top management can employ it as a strategy map to track and evaluate company performance. Moreover, the main advantages of the approach are presented with a key focus on the case study.

Cuvinte-cheie
balanced scorecard, performance management, key performance indicators, downstream oil sector, strategy

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