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Who is the inventor of the Balanced Scorecard?
What Is the Balanced Scorecard? What Is the Balanced Scorecard? The Balanced Scorecard was developed in the early 1990s by two guys at the Harvard Business School: Robert Kaplan and David Norton.
Why did Kaplan and Norton create the Balanced Scorecard?
To provide a management system that was better at dealing with today’s business pace and to provide business managers with the information they need to make better decisions, Kaplan and Norton developed the Balanced Scorecard. Note that the Balanced Scorecard is a management system — not a measurement system.
What do you need to know about the Balanced Scorecard?
Yes, measurement is a key aspect of the Balanced Scorecard, but it is much more than just measurement; it is a means to setting and achieving the strategic goals and objectives for your organization. So, what is the Balanced Scorecard? In short, it’s a management system that enables your organization to set,...
What are the four legs of the Balanced Scorecard?
After the business strategies are developed, they are deployed and tracked through the Four Legs of the Balanced Scorecard. These four legs comprise four distinct business perspectives: The Customer Leg, the Financial Leg, the Internal Business Process Leg, and the Knowledge, Education, and Growth Leg.
Last Update: Oct 2021
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