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Make Balanced Scorecard a Regulatory Requirement
AMOS, Accountant, Ghana, Member
I have the view, that the Balanced Scorecard should be enforced as a regulatory requirement for organizations.
It should be part of corporate governance requirement to regulate the strategies employed by management and the board.
It should be part of SarbOx for USA or corporate governance regulatory requirement, 'comply or explain'.
It is because now the emphasis, is on the customer satisfaction and continuous improvement of process, it has a long term profit maximization and competitiveness.... Register
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Supporting this Idea
Elife Dilmac, Turkey, Member Amos, I am really supporting this idea for the BSC. Before being able to make it a regulatory requirement, government people must be convinced of the ... |
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Balanced Scorecard Unlike Accounting is no Measure
JC Spender, Strategy Consultant, United States, Member Unfortunately the Balanced Scorecard (BS) is little more than a concept, impossible to articulate as a measure.
GAAP makes accounting seem object... |
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BSC as a Regulatory Requirement
Alexander Guerra, Business Consultant, Mexico, Member I believe the the BSC has a strong measurement control statement, however the weakness within the BSC is it only gives you the facts, but it doesn't t... |
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Make Balanced Scorecard a Regulatory Requirement
Johnny Michael Tan, Management Consultant, Malaysia, Member Great idea. However, organizations should bot implement the Balanced Scorecard for the sake of compliance, but because it makes their organization and... |
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Essential Principles
Juan Carlos Solis Castro, Student (MBA), Mexico, Member Most of us have heard some version of the standard performance cliche: "You can't manage what you don't measure nor you can't improve it".
The th... |
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Balanced Scorecard is not a Measurement System
JC Spender, Strategy Consultant, United States, Member But first you have to create the value-adding firm... How do you measure that? There is no theory of entrepreneurship, if by 'theory' you mean somethi... |
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