Abstract
The research is a case study on the analysis of the financial performance of a political party in Romania, at the end of 2020, using the strategic model for measuring the performance of the Balanced Scorecard. A review of the existing international scientific literature and case studies was conducted to define a balanced plan of performance indicators for one of the four perspectives of the BSC theoretical model, namely the financial perspective, which is common to both an economic organization and a political organization. The paper evaluates the financial activity of a political party through a computer application - BSC Designer Light, whose architecture allows customizing the theoretical model of the Balanced Scorecard on the activity of a political organization. The purpose of the scientific approach is to evaluate the result of the financial activity, quantifying the scores obtained by the analysed party for each indicator and sub-indicator defined within the financial perspective. This study can be a consistent basis for expanding research to assess the performance of a political party from an electoral or parliamentary perspective and can be a viable alternative to current methods of quantitative evaluation used by political parties in analysing the activity results.
Highlights
As in the case of economic entities, practice has shown the need to define performance indicators in the case of political organizations, their monitoring beingBulletin of the Transilvania University of Braşov Series V Vol 14(63) No 2–2021 possible with the help of performance measurement techniques used in economic organizations
A review of the existing international scientific literature and case studies was conducted to define a balanced plan of performance indicators for one of the four perspectives of the BSC theoretical model, namely the financial perspective, which is common to both an economic organization and a political organization
The paper evaluates the financial activity of a political party through a computer application - BSC Designer Light, whose architecture allows customizing the theoretical model of the Balanced Scorecard on the activity of a political organization
Summary
As in the case of economic entities, practice has shown the need to define performance indicators in the case of political organizations, their monitoring beingBulletin of the Transilvania University of Braşov Series V Vol 14(63) No 2–2021 possible with the help of performance measurement techniques used in economic organizations. As in the case of economic entities, practice has shown the need to define performance indicators in the case of political organizations, their monitoring being. The purpose of the research is to identify the performance indicators and subindicators related to the financial perspective, to establish the value of the targets and to monitor the results obtained in the current activity, at the end of the period subject to analysis. The purpose of the scientific approach is to quantify the party's result in a final score obtained for the financial perspective, as a result of the weights of progress of each indicator / sub-indicator, depending on which one can make a first quantitative assessment of the activity of a political entity analysed This case study is based on translating the theoretical model of Balanced Scorecard with the four perspectives: financial perspective, customer perspective, internal business processes and learning and growth, specific to the activity of a political party, focusing the analysis only on the financial perspective that is specific to both economic and political organizations.
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