An Innovation in the Performance Measurement System: The Reviews on Studies of the Balanced Scorecard
Because of the weakness of the traditional performance measurements, the Balanced Scorecard (BSC) has become one of the most known and most studied models. This paper reviewed the studies on BSC connected by scholars, about its signification, criticisms and so on. By analyzing we conclude the following conclusion: The Balanced Scorecard approach is an innovation in the performance measurement system which contains both financial and non-financial measures; it integrates the set of measures derived from the companys strategy and gives top managers a fast but comprehensive view of the business have been presented. BSC gives an effective communication of the mission and objectives all over the organization and provides a clear and a whole picture of the company to the different levels of the management what permits a correct and a fast decision making.
bsc performance measurements criticisms
Yang LIANG Yan WANG
School of Humanities and Economic Management China University of Geosciences Beijing, China Department of Accounting and Finance Napier University Edinburgh UK
国际会议
成都
英文
208-212
2010-07-09（万方平台首次上网日期，不代表论文的发表时间）