Purpose – The purpose of this paper is to develop a simple microeconomic model of the firm to give theoretical foundations for the balanced scorecard concept (BSC). Design/methodology/approach – The model consists of demand, production, and objective functions integrated into a resource...

Purpose – Seeks to present a microeconomic model to analyse theoretically BSC, to develop a simplified model version and to apply it empirically. Design/methodology/approach – The model assumes exponential production and demand functions with constant scale factors and elasticities. It is...

Purpose – The purpose of the research is to analyse the theoretical foundations of the balanced scorecard (BSC) with the aid of a microeconomic model and to illustrate the results in an empirical case. Design/methodology/approach – The model includes demand, production, and objective...

Purpose – Seeks to present a microeconomic model to analyse theoretically BSC, to develop a simplified model version and to apply it empirically. Design/methodology/approach – The model assumes exponential production and demand functions with constant scale factors and elasticities. It is...

Purpose – The purpose of this paper is to develop a simple microeconomic model of the firm to give theoretical foundations for the balanced scorecard concept (BSC). Design/methodology/approach – The model consists of demand, production, and objective functions integrated into a resource...