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Management - Balanced Scorecard - BSC 

The Balanced Scorecard is a popular tool for strategy implementation with the help of metrics. There are many aspects related to the Balanced Scorecard, and the links on this site lead you to information that covers a variety of these issues, for instance:
- BSC implementation
- success factors and
   pitfalls
- BSC for different
  types of organizations,
  like SMEs
- tayloring the BSC to
   your needs

 

 

 

 
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All links verified as working:
10 December 2006
 

Directory
10 Good Reasons for the BSC Provides top ten reasons for a performance measurement system - and not more  
2GC BSC Resources A selection of Books, Papers, and Internet Links that relate to Balanced Scorecard and related topics. By 2GC TOP
7 Steps to Raising your Baldridge Score ... Towards 300.   
A Balanced View of Balanced Scorecard Does BSC really promote aligned execution? The answer isn't simple. The BSC approach has important strengths, yet it leaves critical gaps and can create serious misalignments. This paper will examine strengths as well as shortcomings.   
A Pragmatic Assessment of the Balance Scorecard An Evaluation of a New Performance Management System for use in a NHS Multi- Agency Setting in the UK. July 2002  
Adapting the BSC to fit public and nonprofit sectors Before Government and Nonprofit organizations can develop a Balanced Scorecard they must consider alterations to the “geography” of the model to fit their particular circumstances.   
An Action Plan to Implement the Balanced Scorecard System This paper, using a case study, looks at a functional area Balanced Scorecard (BSC) implementation and evaluates the results achieved through the BSC against the normative expectations as laid out in Kaplan and Norton's (1996) book, The Balanced Scorecard."   
Balanced Scorecard Implementation in SME's Reflection on literature and practice. this paper discusses the potential benefits to SMEs in adopting the Balanced Scorecard methodology and the underlying management processes most relevant to SMEs. It also makes observations about how use and value may differ between Balanced Scorecard application in large and smaller enterprises.   
Balanced scorecard versus French tableau de bord: beyond dispute, a cultural and ideological perspective Currently much attention is given to strategic measurement systems with the balanced scorecard as the far most high profiled. This US-born approach has not been very warmly welcome in France, where tableau de bord, a French strategic measurement system, has been used for at least 50 years.   
Balanced Scorecard: linking strategic planning to measurement and communication This paper discusses issues and strategies in implementing a Balanced Scorecard approach to facilitate strategic planning in a small private university library.  
Balanced Scorecards for Small and Medium Sized Organizations Brief but interesting paper  
Balancing the Scorecard: Using the Value Driver Tree to Address Strategic Objectives A value driver exercise can link key goals to specific operational initiatives, and demonstrate IT's contribution to business performance.  
Beyond the Numbers After years of evolution, balanced scorecard applications now integrate strategy and management for competitive advantage  
BSC and Sustainability Examples from literature and practice. 2002  
BSC Collaborative Founded and led by the creators of the Balanced Scorecard concept, Drs. Robert Kaplan and David Norton  
BSC Overview What it is, background, what's new, setting up a BSC  
Classification Of Balanced Scorecards Classification Of Balanced Scorecards Based On Their Effectiveness As Strategic Control Or Management Control Tools.   
Communicating and Controlling Strategy An Empirical Study of the Effectiveness of The Balanced Scorecard   
Deployment of the BSC Measurement System Points out the concepts and data management efforts that are involved in the BSC, and the big implementation problems  
Does a Balanced Scorecard Management Cockpit Increase Strategy Implementation Performance? Findings of a series of experiments using a system dynamics based micro-world.   
Does the Balanced Scorecard make a difference to the strategy development process? This paper is based on a large scale international survey on the strategy development process, and seeks to examine the impact of a particular strategy tool, the Balanced Scorecard, upon the strategy process. Recently, it has been suggested that as a strategy tool, Balanced Scorecard can influence all elements of the strategy process.   
Evolution of the 3rd Generation Balanced Scorecard This paper describes the changes to the definition of the Balanced Scorecard that have occurred since it became popular as a performance measurement framework during the early 1990s.   
FAQs    
How to Build a BSC This three-part e-article describes how to do it using a step-by-step process.  
Leading Change with The Balanced Scorecard  A successful Balanced Scorecard program should be a change project, not a "metrics" project. The executive leadership that creates the BSC becomes the guiding coalition for driving change in the organization. By Robert S. Kaplan and David P. Norton   
Lessons Learned Lessons Learned in Implementing Balanced Measures By Members of the Balanced Scorecard Interest Group.   
Managing Complexity Hundreds of major corporations are implementing a Balanced Scorecard in their quest to increase shareholder value. But success is in the details.  
Merging the Balanced Scorecard and Business Intelligence Even companies that embrace the Balanced Scorecard often take a backward approach to monitoring performance. Many organizations choose metrics based on how much effort data collection requires.  
Multiple Objectives, Management Control Systems, and the Balanced Scorecard: An Exploratory Case Study This paper investigates how multiple and conflicting objectives are managed within an organization, and the role that Management Control Systems (MCS), the Balanced Scorecard (BSC) in particular, play to enable a balance between objectives.   
Preventing Bias in the Balanced Scorecard Implementation for Performance Assessment Balanced scorecard has been widely recognized as a tool of comprehensive performance measurement both for small and large organizations. However, when the method is employed to compare performance of two or more business units, evaluator might encounter with common-measures bias.   
Quality, Safety and Environment Care System Drawing up a Balanced Scorecard for an Integrated Quality, Safety and Environment Care System.   
Questioning the Balanced Scorecard Why so many companies are failing to maximize value from their scorecard initiative.   
Score it a Hit Article by Debby Young in the CIO Magazine; How companies use the BSC to track whether they are achieving key goals. Why the scorecard is not a one-time activity but an ongoing process. The benefits and drawbacks of using the scorecard  
Stakeholder Theory and Balanced Scorecard to Improve IS Strategy Development in Public Sector We show that stakeholder theory contains elements that are particularly suited for solving the complexity challenges of public sector managers. Hence, we argue that stakeholder theory can complement the BSC by providing a more explicit stakeholder focus and that this will enhance the strategy development aspects of the BSC.   
Success without the pitfalls Like any business process or application, it has its problems.  The advantages of the Balanced Scorecard are well publicised, so in this briefing the author would like to concentrate upon two topics.  
Sustainability Balanced Scorecard Theory and application of a tool for value-based sustainability management.  
Sustainability management with the Balanced Scorecard In this project, the management tool and methodology of the traditional Balanced Scorecard have been developed further towards the „Sustainability Balanced Scorecard“ (SBSC) integrating ecological, social as well as economic aspects.   
Tailoring the Balanced Scorecard Most companies don’t embrace the textbook approach to performance measurement by following the Balanced Scorecard to the letter. In the real world, most scorecards are unbalanced, reflecting the key drivers of a company’s success.  
The Accountability Scorecard A Stakeholder-based Approach to "Keeping Score". An article describing an alternative to Kaplan and Norton's Balanced Scorecard offered by Fred Nickols. It is stakeholder-based organizational measurement system which is rooted in the contributions-inducements relationship that defines organizational equilibrium.   
The Balanced Scorecard Meets BPM Should the Balanced Scorecard be a guiding force in business performance management? Some say it's too much effort -- but the results can be stellar.   
The BSC as a Communication Protocol in Organisations The BSC framework, and the processes associated with Scorecard design are more fundamentally concerned with communication and articulation of strategy at operational levels. This role for the Balanced Scorecard, specifically the use of the Scorecard to communicate operations strategy across intra-organisational borders is the subject of this paper.   
The BSC in Higher Education Beyond Reports and Rankings. More commonly used in the commercial sector, this approach to strategic assessment can be adapted to higher education.   
The BSC Put To The Test At The University of California    
The Importance of Activity-Based Costing/Management to the Balanced Scorecard This article considers how Activity Based Costing and Management (ABC/M) approaches may complement a balanced scorecard effort. Attention is paid to the critical success factors in ensuring that ABC/M adds value to the balanced scorecard initiative.   
The reception pattern of the balanced scorecard: Accounting for interpretative viability Against the background of the evolving management fashion literature the authors discuss the ‘reception pattern’ of the Balanced Scorecard (BSC) in the Netherlands. The paper offers a framework to show how BSC-discourse and its actual use have developed in interrelated yet loosely coupled ways.   
Top Ten Balanced Scorecard Implementation Issues    
Translating Strategy into Action The BSC as a new approach to implementing strategy.   
Twelve years later: Understanding and realizing the value of balanced scorecards The balanced scorecard is one of the most successful, endurable management concepts in recent years, but it is also frequently misunderstood. In this article, the co-authors of Making Scorecards Actionable suggest ways in which managers can make the balanced scorecard their most valuable tool.   
Using Balanced Scorecard for Subcontractor Performance Appraisal Being regarded as a reliable and practical means for performance evaluation, the balanced scorecard should have a high potential for improving the quality subcontractor appraisal decisions. This paper discusses the issues in developing a balanced scorecard model for subcontractor performance appraisal.   
Using the Balanced Scorecard in Reforming Corporate Management Systems Not all companies have achieved sucess in introducing this technique. Factors Responsible for Success and Failure in Introducing the Balanced Scorecard. Results of a survey among Japanese companies.   
Using the Balanced Scorecard to Facilitate Strategic Management at an Academic Information Service This article reports on the implementation of the Balanced Scorecard model for facilitating strategic management at the Academic Information Service (academic library) of the University of Pretoria, South Africa.  
Using the Balanced Scorecard to overcome barriers in strategy implementation Kaplan and Norton (1996a, 2001a) present four barriers they claim the Balanced Scorecard can overcome. Based on these barriers, the author has developed five hypotheses investigating whether Balanced Scorecard enables more successful strategy implementation.
The hypotheses are investigated in a case study of the Balanced Scorecard project at Telemark County Tax Office. 
 
Why Balanced Scorecards Fail Most Balanced Scorecards fail because they lack a sound foundation.  

 
 

  

 
Publications Literature
The Balanced Scorecard & Performance Improvement: Using the balanced scorecard to combine viewpoints of company success   
By David Chaudron, PhD   
No manager can ignore the bottom line – the key indicator of what has happened (i.e., a “lagging indicator”). But you need a “balanced scorecard” to measure not just how you’ve been doing, but also how well you are doing (“current indicators”) and can expect to do in the future (“leading indicators”). Then you’ll have clear picture of reality
For more book recommendations see our bookstore

Balanced Scorecard Step-by-Step: Maximizing Performance and Maintaining Results
by Paul R. Niven
This book explains how an organization can measure and manage performance with the Balanced Scorecard methodology. It provides extensive background on performance management and the Balanced Scorecard, and focuses on guiding a team through the step-by-step development and ongoing implementation of a Balanced Scorecard system

E-Book
The Balanced Scorecard: Measures That Drive Performance (HBR OnPoint Enhanced Edition)
by Robert S. Kaplan, David P. Norton
During a year-long research project, the authors developed a "balanced scorecard" performance measurement system that allows executives to view a company from several perspectives simultaneously. The scorecard includes financial measures that reveal the results of actions already taken, as well as three sets of operational measures that show customer satisfaction, internal processes, and the organization's ability to learn and improve.

The Balanced Scorecard : Translating Strategy into Action 
by Robert S. Kaplan, David P. Norton
Here is the book--by the recognized architects of the Balanced Scorecard--that shows how managers can use this revolutionary tool to mobilize their people to fulfill the company's mission. More than just a measurement system, the Balanced Scorecard is a management system that can channel the energies, abilities, and specific knowledge held by people throughout the organization toward achieving long-term strategic goals.

E-Book
Using the Balanced Scorecard as a Strategic Management System (HBR OnPoint Enhanced Edition)
by Robert S. Kaplan, David P. Norton
Several years ago, Robert S. Kaplan and David P. Norton introduced the balanced scorecard, which enabled companies to track financial results while monitoring progress in building the capabilities they would need for growth. Recently, some companies have gone further and discovered the scorecard's value as the cornerstone of a new strategic management system. 

E-Book
Having Trouble with Your Strategy? Then Map It (HBR OnPoint Enhanced Edition)
by Robert S. Kaplan, David P. Norton
If you were a military general on the march, you'd want your troops to have plenty of maps--detailed information about the mission they were on, the roads they would travel, the campaigns they would undertake, and the weapons at their disposal. The same holds true in business: a workforce needs clear and detailed information to execute a business strategy successfully. Authors Robert Kaplan and David Norton, cocreators of the balanced scorecard, have adapted that seminal tool to create strategy maps. Strategy maps let an organization describe and illustrate--in clear and general language--its objectives, initiatives, targets markets, performance measures, and the links between all the pieces of its strategy.

 

 
     

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Copyright © 2001 Recklies Management Project GmbH
Status: 05. Januar 2010