Is there a standard, or best practice, way to implement the Balanced Scorecard? Seems to me that there are a number of competing frameworks out there that all claim to be the Balanced Scorecard. Is one better than the other? If so, why?

asked Apr 23 '10 at 04:30

Sam%20Cooper's gravatar image

Sam Cooper

There are lots of scorecards and dashboards out there. Norton and Kaplan did not trademark the term "Balanced Scorecard" like Stern Steward did for "Economic Value Added." As a result, many consultants and software companies claim to do "Balanced Scorecarding" and it can mean just about anything. There are lots of books on the topic that also take different approaches to measurement.

One of the reasons that the Norton Kaplan model has such a good reputation is that it is a good logical framework. First, organizations should start with objectives and link them together in cause and effect relationships. Thus you need to define the logic behind what drives the outcomes you are looking for. The other smart thing Norton and Kaplan have done is to document the results and keep the methodology evolving. So you can find many case studies, and if you read their writing, you will see how the concept has evolved from the early 90s to where it is today.

answered Apr 28 '10 at 11:53

Ted%20Jackson's gravatar image

Ted Jackson

Before I was writing all my articles manually spending hours every single day. But then I've decided to try special article writing tools to fasten my work, though I've read negative reviews about some of them. I knew that there were many freelance writers and article marketers who were using these tools to be over their competitors and produce tens of articles daily. Last couple of weeks ago i have planned to buy term papers online due to my lack of writing skills.

answered Jan 30 '14 at 05:24

alanhuttan's gravatar image


Your answer
toggle preview

Copyright (c) 2010 Ascendant Strategy Management Group