Digital Balanced Scorecard System as a Supporting Strategy for Digital Transformation

Options for Formulating a Digital Transformation Strategy

CIOs and other senior executives face the challenge of how to handle the opportunities and risks of digital transformation. We believe that firms need a standalone digital transformation strategy that signposts the way toward digital transformation and guides managers through the transformation process resulting from the integration and use of digital technologies. A digital transformation stra...

Mastering Digital Transformation: the Path of a Financial Services Provider towards a Digital Transformation Strategy

To master the challenges of a digital transformation and to systematically address IT’s multifaceted transformative impacts on an organization’s inner and outer environments, top management is increasingly formulating and implementing a digital transformation strategy (DTS). To date, there have been few details of DTS formation concerning its underlying processes and activities. In this study, ...

Using the Balanced Scorecard as a Strategic Management System

Linking the Balanced Scorecard to Strategy

Some argue that managers cannot operate with multiple measurements of business-unit performance. While they recognize that aggregate financial measures (such as operating income, return on investment, and economic value added) are not perfect by themselves, they claim that financial measures at least are well understood and provide clear, unambiguous, and objective goals on which all organizati...

A Novel Algorithm for Digital Distance Relaying

Distance relays are used to protect EHV and HV Transmission lines. Over the past decades many algorithms have emerged for digital distance relays. These are based on the calculation of the transmission line impedance from the relaying to fault points. In this paper a novel method for digital distance relaying is proposed. In the method the tracking procedure is implemented. The method uses the ...