Budgeting plan by making the Balanced Scorecard for Virvatuli-Valaisimet outlet in Kemi
Nguyen, Duong (2013)
Kemi-Tornion ammattikorkeakoulu Lapin ammattikorkeakoulu
2013
Creative Commons Attribution-NonCommercial 3.0 Unported
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2013120920487
https://urn.fi/URN:NBN:fi:amk-2013120920487
Tiivistelmä
This research is focused on the field of budgeting planning and the Balanced Scorecard. The objective of this research is to evaluate the efficiency of using budget for making investment decisions.
In this thesis work, qualitative research method is applied. In agreement with research questions, explanatory research methodology is suitable for this thesis because it links theoretical strategy planning to the empirical case company analysis. Hence, the data collection is mainly conducted by making interviews and analyzing the case company’s documentation. In addition, secondary data such as scientific journals and books by established and expert authors discussing the budget and its construction as well as the Balanced Scorecard are used.
This outcome of this research is an effective budgeting plan for Virvatuli-Valaisimet outlet in Kemi. The budgeting plan is constructed in the form of the Balance Scorecard and the strategy map as well as the Master Budget model.
The Balanced Scorecard and the Master Budget model can be used by the case company for building strategy on the measurement performance system. It is suggested that future research be carried out to apply strategy map for implementing strategic plan in the Balanced Scorecard.
In this thesis work, qualitative research method is applied. In agreement with research questions, explanatory research methodology is suitable for this thesis because it links theoretical strategy planning to the empirical case company analysis. Hence, the data collection is mainly conducted by making interviews and analyzing the case company’s documentation. In addition, secondary data such as scientific journals and books by established and expert authors discussing the budget and its construction as well as the Balanced Scorecard are used.
This outcome of this research is an effective budgeting plan for Virvatuli-Valaisimet outlet in Kemi. The budgeting plan is constructed in the form of the Balance Scorecard and the strategy map as well as the Master Budget model.
The Balanced Scorecard and the Master Budget model can be used by the case company for building strategy on the measurement performance system. It is suggested that future research be carried out to apply strategy map for implementing strategic plan in the Balanced Scorecard.