What are some alternatives to the Balanced Scorecard? I see things out there like EFQM, Fourth-Generation BSC, etc., and wondered how they compared to the "basic" Kaplan-Norton Balanced Scorecard.

asked Mar 26 '10 at 13:22

Dylan's gravatar image

Dylan ♦♦

I think there are many decent point solutions

Project, Program, and Portfolio management - for managing, prioritizing, and executing on particular initiatives.

Six Sigma and TQM for improving processes

EVA and ABC for looking at processes and Lines of Business.

I just don't think you will find a better solution for comprehensively managing strategy than the BSC. The BSC is a framework that will allow you to flexibly integrate other approaches as well.

answered Apr 15 '10 at 22:56

Ted%20Jackson's gravatar image

Ted Jackson

You can find answers to these questions in the resources section of the 2GC web site.

Regarding EFQM (and other Quality Management tools) linking to Balanced Scorecard have a look at the paper:

The Balanced Scorecard vs. the EFQM Business Excellence Model http://www.2gc.co.uk/resources-papers#ixzz0jkG5wBGe

Look under the 'links to other frameworks' tab on this page for papers also on Balanced Scorecard links to Risk Management, TQM, and Intellectual Capital.

For a discussion about how Balanced Scorecard has evolved and developed since the original K&N papers in 1992, have a look at the paper:

Evolution of the 3rd Generation Balanced Scorecard http://www.2gc.co.uk/resources-papers#ixzz0jkGn5kIP

Look under the 'Balanced Scorecard Theory' tab for this, and a couple of other relevant papers.

Alternatively, have a look at our popular presentations section - which has some slide packs you can download. For example this presentation gives a general overview of what Balanced Scorecard is and how it fits into the wider tools domain.

Performance Management & the 3rd Generation Balanced Scorecard http://www.2gc.co.uk/resources-presentations#ixzz0jkHCdvUy


answered Mar 31 '10 at 09:37

Gavin%20Lawrie's gravatar image

Gavin Lawrie

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