Working

Kaplan, R. S. and D. P. Norton. 1992. The equilibrise lineup - Measures that drive performance. Harvard Business Re frame (January-February): 71-79.Summary by James R. Martin| I believe this was the first bind on the balanced menu. The purpose of the article is to string the balanced scorecard concept that the authors developed establish on a research project involving 12 companies. Kaplan and Norton begin by express that what you measure is what you get. The organizations measurement system affects the behavior of managers and employees. conventional pecuniary measurements (e.g., return on investment and earnings per share) give the gate win misleading signals. Some alternative measurements have been recommended based on non-financial performance indicators such as cycle beat and deformity rates. But many senior managers recognize that no single(a) measurement can provide enough information officious the critical areas of the business. Therefore, a balanced set of m easurements is needed. The balanced scorecard is defined as a set of measurements that give bloom managers a fast, but comprehensive involve of the business including in operation(p) measures on customer satisfaction and the organizations innovation and improvement activities, as well as financial measurements. Kaplan and Norton point out that the practicable measures drive financial performance. The authors use navigating and flying an airplane to preen the concept. Pilots need information related to factors such as ignite levels, airspeed, altitude, bearing and destination. Concentrating on a single measurement could be fatal. Todays managers are in a similar situation. They need to view performance in several areas simultaneously. The balanced scorecard does this by providing information from four perspectives: customer, internal business, innovation and learning, and financial. The concept is illustrated in the table below. Perspectives| Questions| Goals| Measureme nts| Customer| How do customers see...If y! ou want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay