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Overcoming the 9 deadly sins of balanced scorecards
Author(s) -
Nair Mohan
Publication year - 2009
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20533
Subject(s) - balanced scorecard , resilience (materials science) , process management , business , strategy map , computer science , operations management , risk analysis (engineering) , management science , economics , physics , thermodynamics
The balanced scorecard has become an essential part of the strategic arsenal of many organizations. When a balanced scorecard is designed well, it can build resilience during challenging times. This article points out some of the problems organizations often have in planning and implementing a balanced scorecard—and how to avoid them. © 2009 Wiley Periodicals, Inc.