Balance Scorecard to be Implemented by 40% of Fortune 1000
According to Gartner Group, 40% of Fortune 1000 companies will have implemented Balanced Scorecard by year 2000.
What Is the Balanced Scorecard?
The Balanced Scorecard:
The Balanced Scorecard is part of a Performance Management system to enable organizations to acheive their goals.
The balanced scorecard translates a straategic business units mission and strategy into a set of measures built around four or five perspectives:
Balanced Scorecard Benefits
Balanced Scorecard benefits according to Kaplan & Norton, 1992:
Balanced Scorecard Book
Kaplan, Robert S. and David Norton, Translating Strategy Into Action The Balanced Scorecard (Boston, MA: HBS Press 1997)
Balanced Scorecard Articles
Chow, Chee W., Kamal M. Haddad, and James E. Williamson, "Applying the Balanced Scorecard to Small Companies", Management Accounting, August 1997, p. 21.
Curtis, Carey C. and Lynn W. Ellis, "Balanced Scorecard For New Product Development", Journal of Cost Management, May/June 1997 Vol. 11, No. 3
Drucker, Peter F., "The Theory of Business", Harvard Business Review, Sep.-Oct. 1994, p. 95.
Epstein, Mark J. and Jean-Francois Manzoni, "The Balanaced Scorecard and Tableau De Bord: Translating Strategy into Action", Management Accounting, August 1997, p. 28.
Gaiss, Michael, "Enterprise Performance Management", Management Accounting, December 1998, p. 44.
Hoffecker, John & Charles Goldenberg, "Using Balanced Scorecard to Develop Companywide Performance Measures", Journal Cost Management, Warren, Gorham, & Lamont, Vol 8, No. 3, Fall, 1994
Kaplan, Robert S. and David P. Norton, "Why Does Business Need A Balanced Scorecard (Part 2)", Journal of Strategic Performance Measurement, Jun/Jul 1997 Vol. 1, No. 3, p. 5.
Kaplan, Robert and David Norton, " Why Does Business Need A Balanced Scorecard", Journal of Cost Management, May/June 1997 Vol 11, No. 3
Kaplan, Robert S. and David P. Norton, "Why Does Business Need A Balanced Scorecard", Journal of Strategic Performance Measurement, Feb/Mar 1997 Vol. 1, No. 1, p. 5.
Kaplan, Robert and David Norton, "The Balanced Scorecard--Measures That Drive Performance", Harvard Business Review, January-February 1992, p. 71.
Kaplan, Robert and David Norton, "Using the Balanced Scorecard As a Strategic Management System", Harvard Business Review, January-February 1996, p. 75
Kaplan, Robert and David Norton, Putting the Balanced Scorecard to Work, Harvard Business Review, September-Oct. 1993, p. 134.
Maisel, Larry , "Performance Measurement: The Balanced Scorecard Approach", Journal Of Cost Management, Warren, Gorham, & Lamont, Volume 6, No. 2, Summer, 1992, p. 47.
Porter, Michael E., "What is Strategy"What is Strategy", Harvard Business Review, Nov.-Dec. 1996, p. 61
Schneiderman, Arthur, "Why Balanced Scorecards Fail", Strategic Performance Measurement, January 1999, Special Edition
Silk, Scott, "Automating the Balanced Scorecard", Management Accounting, May 1998, p. 38.
Thomson, Jeff and Steve Varley, "Developing A Balanced Scorecard at AT&T", Journal of Strategic Performance Measurement, Aug/Sep 1997 Vol. 1, No. 4, p. 14.
Balanced Scorecard Training and Seminars
Learn how to implement the Balanced Scorecard is our practical, hands-on three day training seminar. In this seminar, your organization will actually start the process of implementing the Balanced Scorecard. We will discuss the steps that will everyone will understand the steps that will be used to implement this very practical techniques.
Call John Antos to help you with training, consulting, and review of your Balanced Scorecard at 972.980.7407
to find out how we can create value for your organization.