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Vol 1, 2012
Pages: 877 - 898
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Received: >> Accepted: >> Published: 29.09.2012. None of above

STRATEGIC PLANNING IN INTEGRATED MODEL OF BSC AND HOSHIN PERFORMANCE MAMAGEMENT

By
Tamara Gvozdenović ,
Tamara Gvozdenović

Hydro Power Plants on the Trebišnjica , Trebinje , Bosnia and Herzegovina

Predrag Pravdić ,
Predrag Pravdić

Faculty of mechanical engineering Kragujevac-industrial engineering, University of Kragujevac , Kragujevac , Serbia

Veselin Savić ,
Veselin Savić

Opština Trebinje , Trebinje , Bosnia and Herzegovina

Dragan Popović
Dragan Popović

Jahorina osiguranje a.d. Pale Bosnia and Herzegovina

Abstract

In pursuit of excellence in business performance and long-term profits, strategic planning and Hoshin management have been widely implemented as strategic management tools for some time. In recent years, the Balanced Scorecard ( BSC ) has also been gaining in popularity. Some organisations have been implementing these three management systems simultaneously. This paper compares and contrasts strategic planning, Hoshin management and BSC. Although differences exist, these strategic-management systems can be integrated on the basis of the features they share in common. Because each system has its shortcomings, the combination of the differences can overcome the individual weaknesses of each methodology. This paper presents theoretical side of an integrated model of strategic planning, BSC and Hoshin management.

 

References

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