Transforming The BSC Into A Strategy Execution System

Many corporate managers have been introduced to a corporate management system called the sBalanced Scorecard. Developed at the Harvard Business School by David Norton and Robert Kaplan in the early 1990s, the Balanced Scorecard (BSC) represents the newest and most prolific performance measurement system since Total Quality Management (TQM) and Management by Objectives (MBO). A growing number of organizations are achieving great financial success through the BSC framework, thereby solidifying the BSC a "here to stay" rather than just another passing fad. According to studies, the BSC is being implemented in nearly two-thirds of North American corporations. ...

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