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Vol 14, 2025
Pages: 155 - 160
Professional paper
Economics and Management Editor: Darjana Sredić
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Received: 20.08.2025. >> Accepted: 16.09.2025. >> Published: 21.11.2025. Professional paper Economics and Management Editor: Darjana Sredić

MODEL OF THE BALANCED SCORECARD CONCEPT IN THE COMPANY

By
Zoran Stjepanović ,
Zoran Stjepanović
Contact Zoran Stjepanović

Faculty of economy, European University Brcko , Brcko district , Bosnia and Herzegovina

Veljko Vuković ,
Veljko Vuković

Technical faculty, University PIM , Banja Luka , Bosnia and Herzegovina

Darko Stjepanović ,
Darko Stjepanović

Technical faculty, European University Brcko , Brcko district , Bosnia and Herzegovina

Živoslav Adamović ,
Živoslav Adamović

Faculty of economy, European University Brcko , Brcko district , Bosnia and Herzegovina

Svetozar Bugarin
Svetozar Bugarin

Faculty of economy, European University Brcko , Brcko district , Bosnia and Herzegovina

Abstract

The importance of the application of the Balanced Scorecard Concept in the industrial company, presents a good basis for building a model for measuring and analyzing  Key Performance Indicators (KPI's), indentified in the Company. Also, the application of the BSC concepts points out the need for its adjustment to the nature and characteristics of the case, type and size of the Company.

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