Peculiarities of Balanced Scorecard Application in «CANDLE Synchrotron Research Institute»

Abstract

Considering the importance of performance efficiency assessment for organizations of the 21st century, this article represents the peculiarities of application of “Balanced Scorecard” – one of the modern performance assessment models in not commercial but research organization. This approach is a novelty within the context of similar research on the territory of Armenia since most of the model applications are relevant for commercial and business oriented companies. The information contained in the article may be useful in terms of both strategic management and advancement of the given organization and for its potential stakeholders and partners.

Keywords

• balanced scorecard, CANDLE, performance efficiency, clients, finance, training and development, business processes, prospects