E-Book, Englisch, 11 Seiten
ISBN: 978-3-656-00457-8
Verlag: GRIN Publishing
Format: PDF
Kopierschutz: Kein
A 2001 survey amongst European companies (Press Information Schweizii) confirms the Balanced Scorecard’s role as the leading performance management tool available. It further indicated that 50% of the European companies believe that applying the Balanced Scorecard and linking it with the overarching strategy will ultimately increase shareholder value.
If we turn to the concrete case of ADMECO, we find a clear acknowledgement that it needs more than just traditional financial measures to run its operation well. After all, managing the future means more than just knowing about the financial past and present, it means understanding operational factors better in order to drive future success. BSC provides an ideal framework for identifying these factors and unlocking hidden potential (McCunn,1998iii) since it recognises the impact a performance has in one area on another.
As Kaplan and Norton originally put it (Kaplan,Norton,1996,p.21iv), if you can measure it, you can manage it!