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ИД «Финансы и кредит»






International Accounting

Building the balanced scorecard for agricultural holding segment development

Vol. 19, Iss. 17, SEPTEMBER 2016

PDF  Article PDF Version

Received: 29 April 2015

Accepted: 16 September 2015

Available online: 19 September 2016

Subject Heading: Managerial accounting

JEL Classification: 

Pages: 17-30

Khramova E.A. Mordovian Institute for Humanities, Saransk, Republic of Mordovia, Russian Federation

Kolesnik N.F. Mordovian Institute for Humanities, Saransk, Republic of Mordovia, Russian Federation

Importance Under financial instability, crisis, and tough competition, agricultural holdings need new approaches to efficient development strategies to timely respond to challenges of internal and external environment. This requires building a balanced scorecard system being an important tool to assess the performance of their segments.
Objectives The objective is to build a balanced scorecard for successful strategic development of agricultural holding’s segments in the current economic environment.
Methods We employed general scientific and special methods, namely, analysis and synthesis, comparison and generalization, systems and structural analyses, collection of information in integrated economic systems, and economic and mathematical methods.
Results For successful strategic development of agricultural holding’s segments, we propose a balanced scorecard system to assess the performance of a specific agricultural holding. It may be used in the practical activity of agricultural holdings for strategic management purposes, and for assessment of strategy implementation efficiency.
Conclusions Balanced scorecard reflects the corporate strategy, takes into account the interests of segments and changes in external and internal environment. Using it, agricultural holdings will be able to forecast strategic development and gain a competitive edge in the market.

Keywords: agricultural holding, balanced scorecard, strategy, strategic map


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