Journal of Applied Finance & Accounting
Vol. 4 No. 1 (2011): Publish on November 2011

PENGGUNAAN BALANCED SCORECARD DALAM STRATEGIC MANAGEMENT JAMU PUSPO

Andre Utoro Pusposuharto (Alumni of BINUS Business School, BINUS University, JWC Campus, Jl. Hang Lekir I No. 6, Senayan, Jakarta 12120)
Dewi Damayani (Alumni of BINUS Business School, BINUS University, JWC Campus, Jl. Hang Lekir I No. 6, Senayan, Jakarta 12120)
Rieke Henriani (Alumni of BINUS Business School, BINUS University, JWC Campus, Jl. Hang Lekir I No. 6, Senayan, Jakarta 12120)
Jimmy Sadeli (Faculty of BINUS Business School, BINUS University, JWC Campus, Jl. Hang Lekir I No. 6, Senayan, Jakarta 12120)



Article Info

Publish Date
29 Nov 2011

Abstract

The ’balanced scorecard’ is used not only as a tool to clarify the strategy of a company, but more importantly used for planning and development strategies. Without a strategy, it is impossible to survive in a competitive and dynamic business world. Combining long-term competitive capabilities with the goal of creating a synthesized company, the balanced scorecard can be trusted to utilize the financial measures of past performance to predict future performance. This data was analyzed from four perspectives: financial, customer, internal business processes, and learning and growth. The balanced scorecard is used as a basic measure, not only of the company's long-term goals, but also from the inclusion of the vision and mission. Herbal Puspo, a company engaged in the field of herbal pharmaceuticals, is also in the process of determining the direction and objectives of the company. The authors help determine its vision and mission which is then translated into strategic objectives for the company. The authors collected data and information, including surveys and industry analysis, which is then analyzed using a variety of basic theories of management strategies such as Porter's Five Forces and the TOWS matrix. From this analysis, the authors, together with the company management, summarized a strategic measure which was then translated into the four perspectives of the balanced scorecard companies.

Copyrights © 2011






Journal Info

Abbrev

JAFA

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Applied Finance & Accounting (JAFA) showcases useful theoretical and methodological results with the support of interesting empirical applications in the area of Finance and Accounting. Purely theoretical and methodological research with the potential for important applications is also ...