Research about Balance Scorecard

889 Words4 Pages
Literature review

In this section of our project, we will illustrate and discuss several important topics related to our research which about Balance Scorecard, depending in three literature reviews which are published in the internet. All of them have definition of BSC which are the following:

“The Balanced Scorecard translates a company's vision and strategy into a coherent set of performance measures” which was defined by Robert S. Kaplan, David P. Norton (1996).
‘‘The BSC is a measurement system, which helps organizations to translate their vision and strategy into action, and provides a comprehensible overview of organizational performance’’Al Sawalqa(2011).
“The Balanced Scorecard (BSC) is a performance measurement system which was developed by Kaplan and Norton in 1992 in order to address the limitations of the use of the traditional financial performance measurement systems (Kaplan and Norton, 1992)”Giannopoulos, Holt, Khansalar&Cleanthous (2013)
From the above as researcher we define the balance scorecard as performance management system which balanced between the financial and nonfinancial measures, translate the organization strategy to actions and evaluate all aspects of a company's operation.
(Giannopoulos, el at (2013)) is one of the significant literatures which was about the using of BSC in small companies. the main purpose of this study is to determine the reasons of non-adoption the BSC model as a performance measurement in the small size companies
Get Access