This concept offers a practical guide to using the Balanced Scorecard and is designed to assist executives to benefit from this strategic management technique.
Balanced Scorecard Definition
The Balanced Scorecard (BSC) is a strategic management technique for communicating and evaluating the achievement of the mission and strategy of the organisation using both financial and non-financial measures (Drury, 2004).
Balanced Scorecard Description *
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Balanced Scorecard References (4 of up to 20) *
- Albright, T.L., Burgess, C.M., Hibbets, A.R. and Roberts, M.L. (2010) Four Steps to Simplify Multimeasure Performance Evaluations Using the Balanced Scorecard. The Journal of Corporate Accounting and Finance, Vol. 21(5), pp. 63-68.
- Drury, C. (2004) Management and Cost Accounting, 6th ed. Thomson Learning, London.
- Kaplan, R. (1996) The 'Balanced Scorecard' is More than Just a New Measurement System. Harvard Business Review, Vol. 74(3), pp. 4.
- Kaplan,D. (2009). Conceptual Foundations of the Balanced Scorecard. Handbooks of Management Accounting Research, Volume 3, 2009, Pages 1253-1269
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