Abstract:
This study examines existing approaches in the academic literature concerning the
concept of company performance. Performance is important in any activity. After analyzing the
existing opinions the article mostly clarifies the significance of performance: capacity, productivity,
adaptability, flexibility, turnover, environmental control, production costs; level of achievement of
objectives; efficiency and effectiveness of the economic entity; value creation. Organization have a
very important role in our daily lives and this therefore performing organizations is a key element for
the development of society. A management tool that brings an improvement over traditional planning
and management system that incorporates control by other than financial instruments is Balanced
Scorecard. Balanced Scorecard remove the lack of a systematic process for implementation and
obtaining feedback as respects the strategy. Management processes built around a Balanced
scorecard permit alignment and focusing action on long-term strategy.