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Balanced Scorecard

Knowledge Builder Robert S. Kaplan and David P. Norton, Bloomsbury

Purpose and benefits

  • The Balanced Scorecard is a powerful framework for aligning strategic objectives, management systems and corporate performance, resulting in robust long-term growth and value creation.

  • Implementing the Balanced Scorecard successfully is a function of five core principles: mobilising change through executive leadership; translating strategy into operational terms; aligning the organisation to the strategy; making strategy everyone’s everyday job; and making strategy a continual process.

  • The Balanced Scorecard enables organisations to become more adaptive and responsive to the needs of both internal and external constituencies, resulting in greater opportunities for problem solving and innovation.

Audience

For managers at all levels

Learning method

Essay on management best practice using case studies and suggested action plans with additional reference sources.

Time to Complete

20 mins

Length

6 Pages

Participants

1

Price

£5 Pounds Sterling
(inc. VAT)

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