The Balanced Scorecard

GPTKB entity

Statements (58)
Predicate Object
gptkbp:instance_of gptkb:Management
gptkbp:can_be_used_for resource allocation
performance improvement
performance appraisal
gptkbp:developed_by gptkb:Robert_S._Kaplan
gptkb:David_P._Norton
gptkbp:emphasizes long-term objectives
gptkbp:enhances gptkb:communication
gptkbp:facilitates strategic planning
gptkbp:focuses_on performance measurement
gptkbp:has four perspectives
https://www.w3.org/2000/01/rdf-schema#label The Balanced Scorecard
gptkbp:improves strategic alignment
gptkbp:includes customer perspective
financial perspective
internal business processes perspective
learning and growth perspective
gptkbp:introduced_in gptkb:1992
gptkbp:is_adopted_by government agencies
non-profit organizations
private sector companies
gptkbp:is_based_on strategy maps
gptkbp:is_compared_to actual performance to targets
gptkbp:is_considered_as a performance management tool
gptkbp:is_criticized_for complexity
lack of flexibility
overemphasis on metrics
implementation challenges
gptkbp:is_evaluated_by gptkb:academic_research
case studies
industry reports
gptkbp:is_influenced_by total quality management
business process reengineering
gptkbp:is_integrated_with other management systems
gptkbp:is_part_of strategic management frameworks
gptkbp:is_promoted_by business schools
professional organizations
management consultants
gptkbp:is_related_to gptkb:strategy
employee engagement
innovation
risk management
customer satisfaction
financial performance
organizational performance
strategic objectives
gptkbp:is_supported_by key performance indicators
performance dashboards
gptkbp:is_used_for goal setting
benchmarking
strategic review
gptkbp:is_used_in various industries
gptkbp:provides feedback system
gptkbp:purpose strategic management
gptkbp:supports decision making
gptkbp:used_by organizations
gptkbp:bfsParent gptkb:Harvard_Business_Review
gptkbp:bfsLayer 4