BALANCED SCORECARD STRATEGIC MANAGEMENT SYSTEM
- Make the strategy known to the employees and
motivate them to accomplish their objectives;
- Determine the degree of accomplishment of the
- Determine which business streams have the highest
priority in supporting the strategy.
- Structured description of the strategy of Prista Oil in
the form of an objective tree;
- Development of strategic maps with objectives,
performance indicators and initiatives for each manager.
Determining the priority of the planned projects according
to their contribution to the strategy;
- Definition of requirements for adjusting the ERP system
to produce data for calculating the key performance
- Clarification and formalization of the strategy
Real measurement of the extent of achievement of the strategic objectives;
- More efficient use of resources (budget) for supporting
- Personal responsibility of management, aligned with
the respective rights and incentive system.
Prista Oil is the biggest manufacturer and supplier of lubricating oils in Bulgaria with a market share of approximately 60 percent.
Prista Oil is a Bulgarian company which produces over 150
types of motor and industrial oils. The company is part of
the holding Prista Oil Group, which is the 8th biggest holding