By adopting the Balanced Scorecard
strategy, we hope to increase our effectiveness, set goals, and achieve targets with accurate measurements".
Used by more than 60% of the Fortune 500 and thousands of smaller companies, balanced scorecard
is a methodology that is soundly reflected in the Balanced Scorecard
The Balanced Scorecard
concept is better suited to government organisations as it forces them to articulate their vision, mission and strategy, said Dr David P Norton, co-founder of the Balanced Scorecard
Kaplan and Norton published their third article, "Using the Balanced Scorecard
as a Strategic Management System," in 1996.
McMahan, as a quality assurance officer, manages the Balanced Scorecard
process at AMSC and facilitates the improvement process with the AMSC Corporate Board.
The BSC Hall of Fame was created in order to publicly recognize organizations around the world that use the Balanced Scorecard
in an exemplary manner to become strategy-focused, successfully execute their plan of action and achieve breakthrough performance results.
But by putting little weight into forward-looking internal and external metrics, such as sales forecasts, market share, competitor pricing and broad economic indicators, companies sabotage their own balanced scorecard
The balanced scorecard
also can be used to evaluate and refine strategy at the departmental level.
If you're looking for a balanced scorecard
resource that walks you through the implementation process step-by-step, this guide is for you.
division of exploration and production of a large oil company, which has seen a 13 percent decline in income over the last five years, expects its recent Balanced Scorecard
initiative to add $350 million to its bottom line over the next 10 years.
com/research/7b4f9d/creating_a_balance) has announced the addition of John Wiley and Sons Ltd's new book "Creating a Balanced Scorecard
for a Financial Services Organization" to their offering.
They are jointly recognised as the popularisers of the balanced scorecard
and their approach to it was first introduced in a 1992 Harvard Business Review article ("The balanced scorecard
: measures that drive performance") which began with a variation of the saying "What gets measured gets done"; Kaplan and Norton began with "What you measure is what you get".