The Balanced Scorecard: Translating Strategy into Action

The Balanced Scorecard: Translating Strategy into Action
ISBN-10
1422148165
ISBN-13
9781422148167
Series
The Balanced Scorecard
Category
Business & Economics
Pages
322
Language
English
Published
1996-08-02
Publisher
Harvard Business Review Press
Authors
Robert S. Kaplan, David P. Norton

Description

The Balanced Scorecard translates a company's vision and strategy into a coherent set of performance measures. The four perspectives of the scorecard--financial measures, customer knowledge, internal business processes, and learning and growth--offer a balance between short-term and long-term objectives, between outcomes desired and performance drivers of those outcomes, and between hard objective measures and softer, more subjective measures. In the first part, Kaplan and Norton provide the theoretical foundations for the Balanced Scorecard; in the second part, they describe the steps organizations must take to build their own Scorecards; and, finally, they discuss how the Balanced Scorecard can be used as a driver of change.

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