The Balanced Scorecard
Here is the book by the
recog- nized architects of the Balanced Scorecard that shows how managers can use this
revolutionary tool to mobilize their people to fulfill the company's mission. More than
just a measurement system, the Balanced Score-card is a management system that can channel
the energies, abilities, and specific knowledge held by people throughout the organization
toward achieving long-term strategic goals.
Kaplan and Norton demonstrate
how senior executives in industries such as banking, oil, insurance, and retailing are
using the Balanced Scorecard both to guide current performance and to target future
performance. They show how to use measures in four categories financial performance,
customer knowledge, internal business processes, and learning and growth to align
individual, organizational, and cross-departmental initiatives and to identify entirely
new processes for meeting customer and shareholder objectives.
The authors also reveal how
to use the Balanced Scorecard as a robust learning system for testing, gaining feedback
on, and updating the organization's strategy. Finally, they walk through the steps that
managers in any company can use to build their own Balanced Scorecard.
The Balanced Scorecard
provides the management system for companies to invest in the long term in customers, in
employees, in new product development, and in systems rather than managing the bottom line
to pump up short-term earnings. It will change the way you measure and manage your
business.
Robert S. Kaplan is the
Marvin Bower Professor of Leadership Development at the Harvard Business School and the
coauthor of Cost and Effect (HBS Press). David E Norton is the president of Renaissance
Solutions, Inc. They are the authors of three seminal Harvard Business Review articles on
the Balanced Scorecard.
The Balanced Scorecard
approach to performance management is also available as a video training series, and in a
CD-ROM Case Simulation Balancing the Corporate Scorecard with interactive scenarios that
help translate a company's vision into a coherent set of performance measures.
Contents
1 • Measurement and
Management in the Information Age
2 • Why Does Business Need
a Balanced Scorecard?
PART ONE: MEASURING BUSINESS
STRATEGY
3 • Financial Perspective
4 • Customer Perspective
5 •
Internal-Business-Process Perspective
6 • Learning and Growth
Perspective
7 • Linking Balanced
Scorecard Measures to Your Strategy
8 • Structure and Strategy
PART TWO: MANAGING BUSINESS
STRATEGY 191
9 • Achieving Strategic
Alignment: From Top to Bottom
10 • Targets, Resource
Allocation, Initiatives, and Budgets
11 • Feedback and the
Strategic Learning Process
12 • Implementing a
Balanced Scorecard Management Program
Appendix: Building a Balanced
Scorecard
322 pages
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