Evaluating sustainable performance based on a cost dashboard: a theoretical study

Abstract

The emergence of ideas of sustainable development and social responsibility of economic entities contributed to reconsider the concept of performance. Sustainable development works to create the principle of balance between the economic, environmental and social dimensions in achieving the goals to link the economic entities and market. The goal of the research is to highlight the ability of the cost dashboard in evaluating the sustainable performance of economic entities, as it relies on a set of important indicators and basic information related to the activity of the economic unit, which essentially allows for making rational decisions and achieving goals within the framework of sustainable development. The research adopted the analytical method of previous studies to shed light on the cost dashboard technology, its applications, and the benefits achieved from it to reach its role in measuring the sustainable performance of economic units. The paper provide a set of conclusions, the most important is the cost dashboard technique contributes to achieving sustainability requirements and reaching sustainable performance to distinguish economic units. Accordingly, it was recommended that economic entities should apply the cost dashboard technique and benefit from the cost savings