<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Many successful enterprises have identified a large significance of non-economic determinants of business and their influence on competitive success. Social responsible behaviour becomes an imperative of modern business environment. Corporate social responsibility emphasizes more effective environmental and social performance management so that its influence on financial performance becomes more and more obvious. In that sense, the aim of this paper is to point out the theoretical foundations of the Sustainability Balanced Scorecard (SBS) concept, and to demonstrate an example of enterprise, which will show how to develop SBS in the aim of its successful application.</p></abstract>

Many successful enterprises have identified a large significance of non-economic determinants of business and their influence on competitive success. Social responsible behaviour becomes an imperative of modern business environment. Corporate social responsibility emphasizes more effective environmental and social performance management so that its influence on financial performance becomes more and more obvious. In that sense, the aim of this paper is to point out the theoretical foundations of the Sustainability Balanced Scorecard (SBS) concept, and to demonstrate an example of enterprise, which will show how to develop SBS in the aim of its successful application.

How to Apply the Sustainability Balanced Scorecard Concept

University of Niš, Faculty of Economics, Serbia

PhD student, University of Niš, Faculty of Economics, Serbia

Economic Themes

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"How to Apply the Sustainability Balanced Scorecard Concept"}

Many successful enterprises have identified a large significance of non-economic determinants of business and their influence on competitive success. Social...

How to Apply the Sustainability Balanced Scorecard Concept

Published Online: Mar 13, 2015

Page range: 65 - 80

Received: Dec 08, 2013

Accepted: Apr 02, 2014

DOI: https://doi.org/10.1515/ethemes-2014-0005

© 2015

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.