Two of the most known American scientists who
studied and analyzed issues related to the strategic
management, MA and methods of valuation of
organizations Kaplan and Norton (1992) provided the
model of the Balanced Scorecard composed out of four
perspectives that should be measured in order to
successfully drive a performance of an organization.
Australian authors Ifandoudas and Chapman (2004)
studied issues related to management theories, MA and
management. The authors studied the combination of
Theory of Constraints, Resource Based View and Balanced
Scorecard approaches for successful continuous
improvement in manufacturing small and medium
enterprises. The scientist from Denmark Nørreklit (2000)
critically analyzed and contradicted some assumptions of the
Balanced Scorecard. Basti & Bayyurt (2008) researched
efficiency measurement and Nita (2008) analyzed
performance measurement and a changing management
accounting role. It also should be mentioned that the
authors of Scotland Carr, Mitchell & Finland -
Kolehmainen (2008) studied and discussed the strategic
MA. The authors provided a contextual framework of the
strategic MA. Authors Yusof & Aziz (2008) analyzed
strategic adaptation and value of forecasts. Alas (2008,
2009), Tamosiunas (2010) as well as Markovic (2008)
analyzed organizational changes.It also should be
mentioned that the author from England Armstrong (2002)
discussed an application of the Activity Based Costing and
Pavlatos & Paggios (2008) from Greece analyzed an
adoption of traditional and recently-developed techniques
of MA in the hospitality industry of Greece. Also
Wickramasinghe & Alawattage (2007) described different
views and the evolution of MA. Also attention should be
paid to Kopitov (2008), who analyzed systems improving
decision-making as well as to Kahraman & Kaya (2010) &
Kaplinski (2008) who examined decision-making issues.