- Title
- Balanced Scorecard: Translating Strategy into Action
- Author
- Kaplan, Robert S.; Norton, David P.; Lowes, Arthur
- Publisher
- Harvard Business School Press
- Year
- 1996
- ISBN
- 0875846513
- Library
- N/A
Curriculum and Classification
- Subject
- Strategy
- MainCurriculum
- Business Design
- SubCurriculum
- Value Creation and Finance 2
- Semester
- Semester 4
Abstract
Amazon.co.uk Review
Book Description
Here is the book-by the recognized architects of the Balanced Scorecard that shows how managers can use this revolutionary tool to mobilize their people to fulfill the company's mission. More than just a measurement system, the Balanced Scorecard is a management system that can channel the energies, abilities, and specific knowledge held by people throughout the organization toward achieving long-term strategic goals.
Kaplan and Norton demonstrate how senior executives in industries such as banking, oil, insurance, and retailing are using the Balanced Scorecard both to guide current performance and to target future performance. They show how to use measures in four categories-financial performance, customer knowledge, internal business processes, and learning and growth-to align individual, organizational, and cross-departmental initiatives and to identify entirely new processes for meeting customer and shareholder objectives.
The authors also reveal how to use the Balanced Scorecard as a robust learning system for testing, gaining feedback on, and updating the organization's strategy. Finally, they walk through the steps that managers in any company can use to build their own Balanced Scorecard.
The Balanced Scorecard provides the management system for companies to invest in the long term-in customers, in employees, in new product development, and in systems-rather than managing the bottom line to pump up short-term earnings. It will change the way you measure and manage your business.
Synopsis This text shows how managers can use the balanced scorecard technique to mobilize their employees and fulfil the company's mission. The authors demonstrate how senior executives in industries such as banking, oil and retailing are using the technique to evaluate current performance and target future performance based on financial and non-financial criteria such as customer satisfaction, internal processes and employee learning, and growth.
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