Evaluation of Financial Performance with the Balanced Scorecard Approach in Retail Companies

Authors

  • Loso Judijanto IPOSS Jakarta, Indonesia
  • Meiske Wenno Universitas Pattimura
  • Muhammad Faisal Universitas Pattimura
  • Hasmia Melati Arifin Universitas Pattimura
  • Erfendi Regar Universitas Pattimura

DOI:

https://doi.org/10.58812/wsbm.v2i03.1290

Keywords:

Balanced Scorecard, Financial Performance, Retail Companies, Customer Satisfaction

Abstract

This research assesses the financial performance of retail enterprises utilizing the Balanced Scorecard (BSC) methodology. The study used a quantitative methodology, gathering data from 75 retail firms via a Likert-scale questionnaire (1 to 5). The analysis use SPSS version 26, concentrating on four key Balanced Scorecard perspectives: financial, customer, internal business processes, and learning and growth. The findings indicate substantial positive relationships across the customer, internal processes, and learning and growth perspectives with financial success, with the customer viewpoint serving as the most robust predictor. The results indicate that retail firms can improve financial performance by prioritizing customer satisfaction, operational efficiency, and ongoing innovation. These insights offer significant recommendations for retail managers seeking to synchronize strategic objectives with operational performance.

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Published

2024-09-30

How to Cite

Judijanto, L., Wenno, M., Faisal, M., Arifin, H. M., & Regar, E. (2024). Evaluation of Financial Performance with the Balanced Scorecard Approach in Retail Companies. West Science Business and Management, 2(03), 1031–1037. https://doi.org/10.58812/wsbm.v2i03.1290

Issue

Vol. 2 No. 03 (2024): West Science Business and Management

Section

Articles

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Copyright (c) 2024 Loso Judijanto, Meiske Wenno, Muhammad Faisal, Hasmia Melati Arifin, Erfendi Regar

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