Balanced Scorecard Within Application Of Thesis

"The resistance from some employees who not yet see the big picture" can have detrimental affects on the successful implementation of strategies derived from the Balanced Scoreboard process (Berger 2009). Moreover, there are long durations between creation, implementation, and results. Long pauses in implementation can drastically lower the momentum of the entire project, and "The Balanced Scorecard could pay the price of their fatigue through a lack of attention and modeling necessary to set proper tone throughout the organization (Niven 2002). So much energy could go into planning, but "Perhaps the single biggest Scorecard pitfall to be avoided, however, is lack of maintenance," (Niven 2002). Great pangs should be taken in order to make sure that appropriate levels of attention are being paid to individual problems in productivity. Therefore, "The Scorecard, like any major change, must be constantly nurtured for a significant period before it takes root within the culture and ongoing management practices of the organization," (Niven 2002).

Discussion and Recommendations

Thus, it is clear that although the Balanced Scorecard has potential benefits, it is not a golden ticket to automatic increased productivity. Not only is it vulnerable to lack of cooperation and support, time is also a major enemy. It is clear that the use of he Balanced Scorecard method should only be implemented only in the context that can provide special levels of support. Additionally, the method is not permanent; "the Balanced Scorecard is never really complete because your business is never really complete," (Niven 2002). This means that one must have the capability and man power to consistently spend time and effort on nurturing the changes in order to most effective implement them.

References

Ahn, H (2001). "Applying the Balanced Scorecard Concept: An Experience Report." Long-Range Planning 34: 441-461

Atkinson, H. (2006) Strategy Implementation: A role for the Balanced Scorecard? Management Decision. 44,10: 141-1460

Berger, Serena. (2009). "Balanced...

...

Retrieved November 23, 2009 at http://www.articleinsider.com/business/management/balanced-scorecard-disadvantages
Hopf, R.H. (2001). Guide to a Balanced Scorecard Performance Management Methodology. Procurement Executives' Association. Retrieved November 23, 2009 at http://management.energy.gov/documents/BalancedScorecardPerfAndMeth.pdf

Kaplan, Robert S. & Norton, David P. (2000). The Strategy-Focused Organization: How Balanced Scorecard Companies Thrive in the New Business Environment. Harvard Business Press.

Kaplan, Robert S. & Norton, David P. (1996). The Balanced Scorecard: Translating Strategy into Action. Harvard Business Press.

Malone, Tom. (2002). "A Balanced Scorecard Approach to Performance Measurement: The Balanced Scorecard Provides a Useful Framework for Focusing Performance Measurement Efforts on the Critical Drivers of Success." High Beam Research. Retrieved November 23, 2009 at http://www.highbeam.com/doc/1G1-85048609.html

Mooraj, Stella; Oyon, Stella; & Hostettler, Didier. (1999). " The Balanced Scorecard: A Necessary Good or an Unnecessary Evil." European Management. 17.5: 481-491.

Niven, Paul R. (2002). "Maintaining the Balanced Scorecard." Balanced Scorecard Step-by-Step" Maximizing Performance and Maintaining Results. John Wiley & Sons.

Pangarkar, Ajay M. & Kirkwood, Teresa. (2009). The Trainer's Balanced Scorecard: A Complete Resource for Linking Learning to Organizational Strategy. Pfieffer Publishing.

Pham,-Gia, Khanh. (2009). Balanced Scorecard -- Solving Problems of Traditional Accounting Systems? GRIN Verlag Publishing.

Roberts, Albert R. & Yeager, Kenneth R. Evidence-Based Practice Manual: Research and Outcome Measures in Health and Human Services. Oxford University Press.

U.S. Office of Personnel Management. (2009). "Using a Balanced Scorecard Approach to Measure Performance." Performance Management. Retrieved November 23, 2009 at http://www.opm.gov/perform/articles/095.asp#Four%20Perspectives

Sources Used in Documents:

References

Ahn, H (2001). "Applying the Balanced Scorecard Concept: An Experience Report." Long-Range Planning 34: 441-461

Atkinson, H. (2006) Strategy Implementation: A role for the Balanced Scorecard? Management Decision. 44,10: 141-1460

Berger, Serena. (2009). "Balanced Scorecard Disadvantages." Article Insider. Retrieved November 23, 2009 at http://www.articleinsider.com/business/management/balanced-scorecard-disadvantages

Hopf, R.H. (2001). Guide to a Balanced Scorecard Performance Management Methodology. Procurement Executives' Association. Retrieved November 23, 2009 at http://management.energy.gov/documents/BalancedScorecardPerfAndMeth.pdf
Malone, Tom. (2002). "A Balanced Scorecard Approach to Performance Measurement: The Balanced Scorecard Provides a Useful Framework for Focusing Performance Measurement Efforts on the Critical Drivers of Success." High Beam Research. Retrieved November 23, 2009 at http://www.highbeam.com/doc/1G1-85048609.html
U.S. Office of Personnel Management. (2009). "Using a Balanced Scorecard Approach to Measure Performance." Performance Management. Retrieved November 23, 2009 at http://www.opm.gov/perform/articles/095.asp#Four%20Perspectives


Cite this Document:

"Balanced Scorecard Within Application Of" (2009, November 24) Retrieved April 19, 2024, from
https://www.paperdue.com/essay/balanced-scorecard-within-application-of-17137

"Balanced Scorecard Within Application Of" 24 November 2009. Web.19 April. 2024. <
https://www.paperdue.com/essay/balanced-scorecard-within-application-of-17137>

"Balanced Scorecard Within Application Of", 24 November 2009, Accessed.19 April. 2024,
https://www.paperdue.com/essay/balanced-scorecard-within-application-of-17137

Related Documents

3.5. Leadership Too often, managers will have the tendency to be technical, well organized, clear and succinct. While this approach is indubitably important, it should also be recognized that people do not only need to be managed, but they also need to be led. The transformational leadership style is gaining in popularity due to its focus on empowering employees and directing them in the sense of positive and beneficial change (Changing

Balance Scorecard Applications in Healthcare Organizations Balanced Scorecard The Learning & Growth Perspective The Business Process Perspective The Financial Perspective Strategy Mapping General Perspective of Performance Management Performance Planning Ongoing Performance Feedback Employee Input Performance Evaluation & Review Performance Management in Healthcare Organizations Healthcare Organization as Learning Organization Principles of Performance Management in Healthcare Organizations Performance Measurement & Evaluation Methods Used In Healthcare Organizations Setting Up Performance Management Systems Dimensions and Approaches to Performance Management in Health Care Taken From the British National Health Service Induction Programs Performance Monitoring Personal

CMBS overcomes resistance to change by concentrating on quantifying customer satisfaction by asking for ratings of each aspect of a system installation after it has been installed. This gives each member of the team a high level of ownership in the metrics being measured, and over time they improve as CMBS system integration teams become more attuned to the unmet needs of their customers purchasing systems. In this regard

Balanced Scorecard The global environment continues to be very contentious as organizations compete for market share around the world. As business continues to become more integrated, it is necessary to have standardized rules and processes. This standardization however must be adapted to fit local constituency within a given market. The balance scorecard is no different in this regard. A balanced scorecard allows businesses to better ascertain their particular strengths within a

Balanced scorecard seeks to provide a sense of strategic balance to an organization by focusing on four distinct perspectives, rather than having the organization orient itself strictly to maximizing shareholder wealth (Kaplan & Norton, 1996). The underlying logic of the balanced scorecard is that there are certain congruencies between the different perspectives. By understanding these perspectives, the firm is in a position where it can optimize its performance by maximizing

Balanced Scorecard: Customer Perspective The balanced scorecard (BSC) developed by Robert Kaplan and David Norton is "one of the most highly touted management tools today" (Gumbus, A. & Lussier, R. 2006), and is used extensively by Fortune 1000 companies to "set strategy and align operations to achieve breakthrough results" (Gumbus, A. & Lussier, R. 2006). Is the balanced scorecard a tool only for the multinational or conglomerate firm? Increasingly no, as