All about Balanced Scorecard
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Weaknesses or Disadvantages of the Balanced Scorecard
Anneke Zwart, Student (University), Netherlands, Moderator
Rodov and Leliaert mention 3 weaknesses of the Balanced Scorecard:
1. The system (once designed) is quite rigid and static
2. The system is extremely company specific.
3. The system does not provide firms the possibility to make an external comparison.
Rodov, I and Philippe Leliaert. (2002). “FiMIAM: Financial Method of Intangible Assets Measurements”. Journal of Intellectual Capital, vol. 3, issue:3.
Do you agree? Why (not). Any other ones that should be added?...
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3 Weaknesses of the Balanced Scorecard
Robert Twiddy, Management Consultant, United Kingdom, Member In my opinion, the system is not rigid and static, you design it for who you are dealing, depending on the priorities of the organisation you are doin... |
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3 Weaknesses in the Balanced Scorecard?
Chilipi Mogasha, Consultant, Botswana, Member I can not disagree more!. It is totally flexible, you can adapt almost every aspect of it, it is designed for the specific company (not company specif... |
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Weaknesses of Balanced Scorecard
Satya Narayan, Strategy Consultant, India, Member I also do not agree with Rodov and Leliaert. The system is not at all rigid, static or company specific. Most of the times the problems lie not with t... |
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Weaknesses of Balanced Scorecard
Omondi Like all tools, if applied well, it delivers. If applied wrongly it frustrates. It all depends on implementation and of course the buy-in from the tea... |
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Weaknesses of Balanced Scorecard
Patrick Siggen, RSSI, Switzerland, Member I disagree with this comment and consider this tool very flexible. I personally used it to follow implementation and management of a secure IS develop... |
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Balanced Scorecard Weaknesses
luiz, Manager, Brazil, Member In fact Anneke I understand what you are saying and agree with you. The BSC is at the same time an easy tool to work with, and flexible, but for that ... |
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Weaknesses of Balanced Scorecard
Libardo Ortegon Camacho, Economista, Colombia, Member I have been using BSC specially to identify strategy imperatives and it has worked quite well.
Some professionals add another perspective: that ... |
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Weaknesses of the Balanced Scorecard
Anneke Zwart, Student (University), Netherlands, Moderator I agree with the comments above, and of course the balanced scorecard has a lot of advantages. The balanced Scorecard translates a firms' strategy in ... |
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Weaknesses of the Balanced Scorecard
Satya Narayan, Strategy Consultant, India, Member In case a company has the potential to achieve more than what it has set in 'objectives', then the 'objectives' that were set need to be reviewed. |
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3 Weaknesses of the Balanced Scorecard
Gandhi Heryanto, Management Consultant, Indonesia, Member I do not agree because the BSC system is centered on strategies, rather than control.
Some insightful managers used it to clarify, communicate an... |
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