The Balanced Scorecard
Translating Strategy into Action
Harvard Business Review Press, 1996
Category:
Strategy
(9)
(10)
(8)In this summary you will learn
- How the "Balanced Scorecard" system started
- What it is and how it works
- How to integrate strategy with operations
- How to begin a Balanced Scorecard system at your company
- How Balanced Scorecard can enhance your system of management
- What pitfalls to avoid
Why you should read The Balanced Scorecard
First published in 1996, this management literature classic builds a bridge between traditional, short-term oriented management systems and a more balanced approach integrating new types of measurements into a comprehensive strategy. This book looks senior managers in the eye and asks, "Are you ready for the future?" Some executives respond to the challenge of change by tinkering, adding a few nonfinancial metrics to the "instrumentation cockpit" that tells them how their corporate ship is running. Others have spurned Balanced Scorecard because it requires CEOs to accept feedback from all levels of their organizations so they will know if their assumptions remain relevant amidst rapid change. To date, however, more than 300 major organizations have used this system to enhance their performance, and future prospects. Abraham Lincoln once said that the best thing about the future is that it comes only one day at a time. With apologies to Lincoln, getAbstract.com recommends this book to all senior executives and managers - because the future will be here sooner than you think.
About the Authors
Robert S. Kaplan is a professor of leadership development at Harvard Business School, and chairman of the Balanced Scorecard Collaborative. He co-authored The Strategy-Focused Organization and Strategy Maps with David P. Norton, the co-founder and president of the Balanced Scorecard Collaborative.
Comment on this summary
Be the first to write a comment! Sign in to share your opinion
If you wish to purchase 20 or more copies of this title (not the summary, but the actual book), please contact us at info@getAbstract.com. Make sure you include the title of the book and your phone number.
getAbstract makes it easy for you to access the summary of The Balanced Scorecard any time or any place. Once registered, you can choose from a variety of download formats: PDF for your computer, BlackBerry, iPhone, Kindle, PDA or other handheld devices. You can even obtain the audio version of many of our summaries.
Subscribe today to gain access to this summary as well as many other compelling titles!
