Cost Management: A Strategic Emphasis 5th Edition by David Stout, Edward Blocher, Gary Cokins

Exercise 25

What are some of the key issues to consider in effectively implementing a balanced scorecard?

Step 1 of 2

The balanced scorecard seeks to endow with a “balanced view” of the company’s routine. It appraises all the departments in both financial and non-financial areas. The performance measures have few drawbacks. They primarily focus on financial measures. This disadvantage gives rise to the preparation of a balanced scorecard