The balanced scorecard Dissertation Example | Topics and Well Written Essays - 7250 words

The balanced circuit card - Dissertation ExampleResearch Methodology16Qualitative Research16Data assembly17Research Limitations17Research Findings- data-based Evidence17Conclusion30 advert33Bibliography36Introduction3Literature Review5Overview of the Balanced Scorecard5Development of the Balanced Scorecard8Benefits of using the BSC11Balanced Scorecard Implementation in large enterprises and SMEs12Criticisms of the Balanced Scorecard Methodology- challenges of implementing the Balanced Scorecard14Research Methodology16Qualitative Research16Data Collection17Research Limitations17Research Findings- Empirical Evidence17Conclusion30Reference33Bibliography36IntroductionEmerged as the just about commonly utilize strategic proceeding management tool supported by proven automation tools and design methods, the balanced board is extensively used by managers in organizations today for keeping way of activities undertaken by staffs and monitor and control the consequences resulting from these activities. Todays organizations are amidst a revolutionary transformation in the cable environment which is gradually transforming itself from industrially competitive structure into an information competitive one. Arising out of this press cutting throat competition organizations capture been increasingly looking at improving their businesses further and thus the immensity of initiatives like just-in-time system, total quality management systems, Re-engineering, employee empowerment etc have gained prominence. Even though such(prenominal) initiatives were favored in bringing about improvement in shareholders value, their disjointed structure primarily looked at sententious term growth and slaying. The demand for creating long range competitive capabilities and improving the model of the historical bell financial accounting triggered the creation of the Balanced Scorecard. Widely used in industries and businesses the poster acts as a strategic management and plannin g system used the government and non profit organizations with the aim to align business activities of the organization with its strategic vision and mission, improve its internal and external communications and finally to monitor performance of the organization against strategic objectives. Originated by Dr. Robert Kaplan and David Norton this performance management frame successfully adds the no financial performance measures with the financial metrics and allows managers to have a comprehensive and balanced view of the organization performance. Kaplan (1994) has particularly used the example of Rockwater Company for explaining the developmental process of the balanced scorecard for ensuring that companies are able to realise their goals and objectives. Industries such baking and insurance have been particularly benefitted through the implementation of the process. Kaplan has explained the management structure of connecting the business units strategies with the faultless interes t of the company. Martinson (1999) has also made use of the case study method for exploring the impact on a corporate information system operation department through the adoption and implementation of the balanced scorecard in four different perspectives such as user orientation, corporate value, internal process and future day preparation for the measurement and evaluation of the performance of information systems. The results have clearly shown that balanced scorecard fundament be effective in serving as a successful measurement system in a strategic information system (Chi & Hung, 2011, p.226). On the other hand Chia and Hoon (2000) has tried to study the procedures for the publicity of the balanced scorecard and the criteria establishment process in two of the largest merchandise circulation firms based in Singapore. The results have shown that the promotion of the system has been particularly effective in clarifying the vision of these companies and in the preparation of the outline to be practiced. Numerous other empirical evidences have shown positive results with the implementation and use of balanced scorecard in organizations. The project brings forth an analysis of the effectiveness of the balance