The advantages of integrating the Balanced Scorecard management system and company value

The concept of cost management company is directed at improving the quality of strategic and operational decision-making at all levels of an organization by concentrating all the decision makers, the key drivers of value. The main goal of management in this case is to maximize the value of the company. One of the main stages of the construction cost management company is to identify key value drivers, ie, the parameters of activity, expressed as any indicator of the value of the company. Isolation of these factors are critical, because management can not affect the company directly for price, and should focus on the operational parameters of which, in turn, will determine the price. The idea of ​​value engineering-oriented management means defining and non-financial leverage a company's value. The orientation of the planning and management in the company's cost indicator - the excess return on capital over the value of the cost of capital - corresponds to the basic idea of ​​a balanced scorecard, namely, that nestoimostnye objectives are realized to the company reaching financial goals. Building a BSC involves identifying the key factors (leverage) create value and their impact on the value of the index gains. Achieving the target value increment value depends on three main levers that are discussed in term of "Finance" Balanced Scorecard: