Make Balanced Scorecard a Regulatory Requirement

Balanced Scorecard
Knowledge Center

 

Next Topic

Balanced Scorecard > Forum > Make Balanced Scorecard a Regulatory Requirement

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. (...) Read more? Sign up for free
 

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

    Log in

 
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 benefits of the balanced scorecard.
 

 
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 objective. There are no similar institutional structures for the BS.
In fact, the core of the BS concept, especially obvious when you read Kaplan's history of the BS, is to balance the modernist tendency to try and quantify everything. In a sense the BS is a post-modernist reaction to the quantification/modeling tendency that dominates the analysis of management - as opposed to its practice.
The BS frames the necessary processes of synthesis that the management must enact before profit can be earned under conditions of Knightian uncertainty (check Wikipedia on this). Thus the BS is an attempt to reframe the theory of the firm as an activity only viable under uncertainty. It denies the modernist assertion that the firm is a rigorous maximizing mechanical device - as most business school professors insist. But they have never had to run a firm, of course, or manage anything.
 

 
BSC as a Regulatory Requirement
Alexander Guerra, Business Consultant, Mexico, Member
(...)
 

 
Make Balanced Scorecard a Regulatory Requirement
Johnny Michael Tan, Management Consultant, Malaysia, Member
(...)
 

 
Essential Principles
Juan Carlos Solis Castro, Student (MBA), Mexico, Member
(...)
 

 
Balanced Scorecard is not a Measurement System
JC Spender, Strategy Consultant, United States, Member
(...)
 

 
Difficulties in Making the BSC a Regulatory Requirement
Earle Taylor, Turnaround Manager, United States, Member
(...)
 

         
Special Interest Group Leader

Interested? Sign up for free.


Balanced Scorecard
Summary
Forum
Best Practices


Balanced Scorecard
Knowledge Center

 

Next Topic



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2019 12manage - The Executive Fast Track. V15.2 - Last updated: 6-12-2019. All names of their owners.