INTEGRATING BSC - DEA APPROACH AND ARTIFICIAL INTELLIGENCE IN INNOVATION MANAGEMENT
Innovation is a key factor for maintaining competitiveness in today's dynamic environment. Innovation-focused management tools, such as the Balanced Scorecard (BSC) and Data Envelopment Analysis (DEA), play a crucial role in this process. BSC provides a comprehensive overview of a company's performance through a balanced set of indicators focused on both financial and non-financial aspects. In contrast, DEA enables the evaluation of the efficiency of individual units within an organization, identifying areas for improvement. Integrating these two approaches into a single BSC-DEA framework creates synergies that enhance strategic decision-making and operational efficiency. Artificial Intelligence (AI) adds another dimension by enabling advanced data analysis and process automation, further increasing the accuracy and speed of decision-making. This combination represents an innovative management approach that allows companies to better respond to rapid changes in the business environment.
Authors
- Jaroslava Kádárová (ORCID: https://orcid.org/0000-0002-5101-0773)
- Michaela Kočišová
- Milan Fiľo (ORCID: https://orcid.org/0009-0002-8724-3701)
- Alžbeta Suhányiová (ORCID: https://orcid.org/0000-0001-6537-0000)
Publication Details
- Journal
- MM Science Journal
- Published
- 2024-09-16
- DOI
- https://doi.org/10.17973/mmsj.2024_10_2024051
- Citations
- 1
- Primary Topic
- Big Data and Business Intelligence
- Type
- article
- Field-Weighted Citation Impact
- 0.53