Diploma work deals with applicability of ready-to-use balanced scorecard in forestry. It has been ascertained that the system itself provides the forestry management with the information about the company operation, which then contributes to make decisions. Through the diploma preparation it has been noticed that such scorecard system is alive but it constantly needs supplement and improvement. Well studied balanced scorecard is a system for monitoring the success of forestry company operation. Successfully incorporated balanced scorecard will help the company to get new business deals and therefore new inflows, which are important for operation and existence of the company.
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