Einsatzmöglichkeiten der Balanced Scorecard zur Ratingoptimierung von mittelständischen Unternehmen in Hinsicht auf Basel II (PDF)

Diplomarbeit aus dem Jahr 2005 im Fachbereich BWL - Unternehmensführung, Management, Organisation, Note: 1,0, International School of Management, Standort Dortmund , Sprache: Deutsch, Abstract: The 2nd Basel conventions - which will come to force in early 2007 - as well as general
changes in the credit policy and German Bank regulations are leading to a change in
the credit rating procedures. The upcoming and increasingly relevant new credit rating
systems will analyze quantitative and quantitative aspects of the treated company and
thus will create new needs of adjustment for German small and medium sized enterprises
(SME). From the point of view of the SME - which represent the majority of
Germany's business environment - it will be necessary to prepare and optimize themselves
in accordance to these new requirements in order to stay competitive and to assure
future access to loans and external finance. The Balanced Scorecard, a holistic -
qualitative as well as quantitative oriented - management system represents a perfectly
fitting tool to optimize SME in order to adapt to these new requirements and to
improve the companies rating results. The following study develops a theoretical and innovative three-step-approach to use
the Balanced Scorecard in order to optimize SME in accordance to the described
changes. Based on several interviews with credit rating experts the approach concludes
that a company's rating results can be optimized by the act of implementing the Balanced
Scorecard as a management tool alone (step I). Furthermore, the goal system
of the individual scorecard can be optimized in order to improve critical aspects of the
evaluation (step II). Finally, the rating result could be enhanced by implementing a rating
perspective within the goal system of the Balanced Scorecard (step III).