The use of the balanced scorecard in evaluating the results of the innovations implemented in metallurgical companies

Implementation of innovations is the main factor of development of companies’ competitiveness and effectiveness. Innovations result in creation of a value for both the client and the company. The article presents a method of evaluating the innovations implemented in industry which emphasises, on the background of qualitative changes, the measurable (quantitative) effects of various types of innovations. For the purpose of measuring the results of implemented innovations the Balanced Scorecard was used. The method developed by the authors of the paper was used to evaluate results of the innovations implemented in metallurgical companies.