Features of the use of the balanced scorecard in companies with state participation more than 50%

Modern market relations are characterized by increased competition, increasing the impact of new technologies and frequent changes in business conditions. Therefore, at the moment it is important to introduce and use a balanced scorecard (BSC). Such a system is also used in companies with state participation, as it allows to establish a causal relationship between the company's strategy and the industry strategy, which allows to evaluate and, consequently, manage the process of achieving the specified strategies. In this study, we analyzed the current trends in the competitive environment, the specifics of the industry, the economic condition, as well as the implemented BSC of «RusHydro».