Heathrow T5
Theories are just theories into they are actually put to the test and an experiment is conducted. This is the basis for the scientific approach. Basu, Little & Millard (2009) article applied the Balance Scorecard Theory by Kaplan and Norton to a real time project in London's Heathrow Airport. The purpose of this essay is to explore how this project adopted the Balanced Scorecard Theory and incorporated it, much like a tool, to its own purpose. This individualization of the process provided many learning points and demonstrated a correct application of a theory into something useful and real.
The article is formed in a case study format which allows for a proper investigation into how this airport project used the theory in question. The balanced scorecard suggests that we view the organization from four perspectives, and to develop metrics, collect data and analyze it relative to each of these perspectives: The Learning and Growth, Customer, Financial and Internal Business Processes.
The balanced scorecard has evolved from its early use as a simple performance measurement framework to a full strategic planning and management system. The balanced scorecard transforms an organization's strategic plan from an attractive but passive document into the systems and processes for the organization on a daily basis. It provides a framework...
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