Open AccessManaging For Value: Developing A Performance Measurement System Integrating Economic Value Added and The Balanced Scorecard In Strategic Planning
Author(s) -
Harold D. Fletcher,
Darlene Brannigan Smith
Publication year - 1970
Publication title -
journal of business strategies
Language(s) - English
Resource type - Journals
eISSN - 2162-6901
pISSN - 0887-2058
DOI - 10.54155/jbs.21.1.1-18
Subject(s) - balanced scorecard , economic value added , performance measurement , strategy map , process management , analytic hierarchy process , value (mathematics) , computer science , strategic planning , process (computing) , management science , business , operations research , economics , engineering , marketing , profit (economics) , machine learning , microeconomics , operating system
Economic value added (EVA) systems and the balanced scorecard (BSC) havegenerated a tremendous interest in corporate America recently as approachesto performance management. Implementation of these methodologies has notproven to be easy. This paper introduces the analytical hierarchy process andshows how this methodology addresses the limitations of EVA and BSC by integratingthem into one comprehensive system. A case study is used to illustratethis methodology.