HOW TO BUILD A SUCCESSFUL BALANCED SCORECARD
The Balanced Scorecard concept has been adopted by all types of organizations (manufacturing and service, for-profit and not-for-profit, private and public) in virtually every developed and developing nation in the world and it has evolved from its initial purpose of an improved performance measurem...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universitaria Press Craiova
2007-01-01
|
| Series: | Management & Marketing |
| Subjects: | |
| Online Access: | http://www.mnmk.ro/documents/2007/2007-16.pdf |
| _version_ | 1819020573692395520 |
|---|---|
| author | Oana Adriana GICĂ Ovidiu Ioan MOISESCU |
| author_facet | Oana Adriana GICĂ Ovidiu Ioan MOISESCU |
| author_sort | Oana Adriana GICĂ |
| collection | DOAJ |
| description | The Balanced Scorecard concept has been adopted by all types of organizations (manufacturing and service, for-profit and not-for-profit, private and public) in virtually every developed and developing nation in the world and it has evolved from its initial purpose of an improved performance measurement system to become the basis of a new management system, one that aligns and focuses the entire organization on implementing and improving its strategy. Niven’s opinion is that Balanced Scorecard means three things: measurement system, strategic management system, and communication tool. The paper talks about the Balanced Scorecard philosophy and the issues that need to be solved for a successful BSC implementation an provides recommendations for the formulation and implementation of the Balanced Scorecard. |
| first_indexed | 2024-12-21T03:53:22Z |
| format | Article |
| id | doaj.art-d92f1b385ef04cde9d5f4342bbee2e20 |
| institution | Directory Open Access Journal |
| issn | 1841-2416 |
| language | English |
| last_indexed | 2024-12-21T03:53:22Z |
| publishDate | 2007-01-01 |
| publisher | Universitaria Press Craiova |
| record_format | Article |
| series | Management & Marketing |
| spelling | doaj.art-d92f1b385ef04cde9d5f4342bbee2e202022-12-21T19:16:55ZengUniversitaria Press CraiovaManagement & Marketing1841-24162007-01-011140146HOW TO BUILD A SUCCESSFUL BALANCED SCORECARDOana Adriana GICĂOvidiu Ioan MOISESCUThe Balanced Scorecard concept has been adopted by all types of organizations (manufacturing and service, for-profit and not-for-profit, private and public) in virtually every developed and developing nation in the world and it has evolved from its initial purpose of an improved performance measurement system to become the basis of a new management system, one that aligns and focuses the entire organization on implementing and improving its strategy. Niven’s opinion is that Balanced Scorecard means three things: measurement system, strategic management system, and communication tool. The paper talks about the Balanced Scorecard philosophy and the issues that need to be solved for a successful BSC implementation an provides recommendations for the formulation and implementation of the Balanced Scorecard.http://www.mnmk.ro/documents/2007/2007-16.pdfbalanced scorecard implementation challengemanagement tools |
| spellingShingle | Oana Adriana GICĂ Ovidiu Ioan MOISESCU HOW TO BUILD A SUCCESSFUL BALANCED SCORECARD Management & Marketing balanced scorecard implementation challenge management tools |
| title | HOW TO BUILD A SUCCESSFUL BALANCED SCORECARD |
| title_full | HOW TO BUILD A SUCCESSFUL BALANCED SCORECARD |
| title_fullStr | HOW TO BUILD A SUCCESSFUL BALANCED SCORECARD |
| title_full_unstemmed | HOW TO BUILD A SUCCESSFUL BALANCED SCORECARD |
| title_short | HOW TO BUILD A SUCCESSFUL BALANCED SCORECARD |
| title_sort | how to build a successful balanced scorecard |
| topic | balanced scorecard implementation challenge management tools |
| url | http://www.mnmk.ro/documents/2007/2007-16.pdf |
| work_keys_str_mv | AT oanaadrianagica howtobuildasuccessfulbalancedscorecard AT ovidiuioanmoisescu howtobuildasuccessfulbalancedscorecard |