Critically evaluate and discuss Balanced Scorecard - Essay Example

Extract of sample
Critically evaluate and discuss Balanced Scorecard

customer issues, internal business processes, employing activities and share holders concern. Kaplan and Norton labelled the new tool the balanced scorecard.
Many organizations have started using balanced scorecard in order to attain efficiency in their processes. Since it considers all the major components in an organization a total efficiency management is possible in an organization. The four components of balanced scorecard are properly managed in order to create a total efficiency.
Balanced scorecard is a strategic planning and management system, which is extensively, used in business and industry, government, and non profit organizations for doing the business activities to the vision and strategy of the organization. Balanced scorecard is using for improving the internal and external communications and monitoring the organizational performance against the strategic goals of the organization.
In earlier stage it was used for the measuring the simple performance of the organization to a full strategic planning and management. New card is focusing not only the performance measurement but also helping the managers what should be done and what should be measuring for attaining the organizational objectives in competitive basis. ...Show more


The balance scorecard was developed by two men, Robert Kaplan, an accounting professor at Harvard University and David Norton, a consultant from Boston area. In 1990 Kaplan and Norton conducted a research study on various companies exploring new methods of performance measurement…
Author : stacywilliamson
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Critically evaluate and discuss Balanced Scorecard"
with a personal 20% discount.
Grab the best paper

Related Essays

Balanced Scorecard
Balanced Scorecard Approach: A Critical Review (Name) (Tutor’s Name) (Date) Balanced Scorecard Approach: A Critical Review Introduction Balanced Scorecard is a strategic performance management tool, which is mainly used by managers to regulate strategy execution activities and subsequent monitoring processes.
8 pages (2000 words) Essay
The balanced scorecard
Table of Contents Introduction 3 Literature Review 5 Overview of the Balanced Scorecard 5 Development of the Balanced Scorecard 8 Benefits of using the BSC 11 Balanced Scorecard Implementation in large enterprises and SMEs 12 Criticisms of the Balanced Scorecard Methodology- challenges of implementing the Balanced Scorecard 14
29 pages (7250 words) Dissertation
Strategic Management: Balanced Scorecard
Achieving the organizations goals therefore require constant monitoring of performance of all the organizational stakeholders. The balance scorecard approach is used by organizations in realizing their strategic goal while looking at the interests of all if not most stakeholders (Pearce & Robinson, 2009).
3 pages (750 words) Research Paper
Essay on Balanced Scorecard
Performance management enables an organization to measure, plan and control activities in accordance with its proposed strategies. This is the reason why performance measurement tools such as balanced scored, Economic Value Added (EVA), and Activity Based Costing etc.
6 pages (1500 words) Essay
International Expansion of "Burger King" into France
In order to avoid any unwarranted assumptions about the French market, we begin by evaluating the global macro environmental variables as they relate to France using the PESTLE model (Armstrong). This "big picture" model allows us to more rapidly adapt to the realities of this market; even though certain factors are beyond our control, it is imperative that we align our plan positively with them if we are to succeed this time.
6 pages (1500 words) Case Study
Balanced Scorecard in Practice
There have been several studies conducted on the subject of Balanced Scorecard to develop the concept adaptable to the changing circumstances and needs of the organizations. This paper presents some of the facets of balanced score card and an account of the approach in practice.
6 pages (1500 words) Essay
Business Plan Evaluation
Reviewing back the business plan, its main weaknesses are in the area of control and financials. It did not incorporate any method of control and its financial statement lack projection of income statement. It does not also have statement of cash flow. Income
2 pages (500 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email