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Book ChapterDOI

Putting the balanced scorecard to work

Robert S. Kaplan, +1 more
- 01 Sep 1993 - 
- Vol. 71, Iss: 5, pp 134-142
TLDR
The balanced scorecard as discussed by the authors shows four different perspectives in which to choose measures that can redefine a company's processes measurement system so short term and long term objectives are in balance with each other.
Abstract
In this article Robert S. Kaplan and David P. Norton report on the Balance Scorecard. Before the Balanced Scorecard companies have used various measurement systems that have made incremental improvements and concentrated mostly on the company's financials. The Balanced Scorecard shows you four different perspectives in which to choose measures that can redefine a company's processes measurement system so short term and long term objectives are in balance with each other.  When using the Balanced Scorecard a company is no longer needs to worry about small incremental improvements, but a new processes measurement system that will allow a company to get where it wants to go.

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Citations
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Vicarious Learning Under Implicit Contracts

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The Use of Financial and Nonfinancial Measures within Innovation Management Control : Experience and Research

TL;DR: In this article, a conceptual performance measurement and management framework for innovation processes suitable for Czech business environment called the innovation scorecard is proposed in the discussion section, which is based specifically on project management, the input-process-output-outcomes model (Brown, 1996), the Stage Gate approach (Cooper, 1998), and the Balanced Scorecard (Kaplan & Norton, 1996).
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Performance Measurement in Global Product Development

TL;DR: In this paper, a survey and interviews highlight a need for further development in current performance measurement frameworks used in product development to facilitate the key factors and metrics in global product development, as well as support a learning culture within organizations.