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“A critical analysis of Balanced Scorecard as a performance measurement tool: an overview of its usage and sustainability”

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“A critical analysis of Balanced Scorecard as a performance measurement tool: an overview of its usage and sustainability”
A critical analysis of Balanced
Scorecard
as a performance measurement tool: an overview of its usage and sustainability

TABLE OF CONTENTS

A iti al a alysis of Bala ed “ o e a d as a pe fo

a e

easu e e t tool: a o e ie of its usage a d sustai a ility

TOPICS

LETTER OF TRANSMITTAL
DECLARATOIN
ACKNOWLEDGEMENT
ABSTRACT

CHAPTER
ONE

CHAPTER
TWO

CHAPTER
THREE

CHAPTER
FOUR

INTRODUCTION

PAGE i ii iii iv-v

4-7

1.1 Background of the study
1.2 Objective of the study
1.3 Scope of the study
1.4 Methodology
1.5 Limitations of the study
BALANCED SCORECARD

5
5
5
6
7
8-15

2.1 Overview of the Balanced Scorecard (BSC)
2.2 Objective
2.3 Design
2.4 Original design method
2.5 Improved design method
2.6 Popularity
2.7 Variants and alternatives
CRITICAL ANALYSIS ON THE CONCEPT &
USING
OF
BALANCED
SCORECARD
WHETHER IT IS THE UNIVERSAL SOLUTION
FOR THE BUSINESS MANAGEMENT?
3.1 Crucial investigation of the concept and using of
Balanced Scorecard
3.2 A comprehensive new approach for the measurement and management
3.3 Is the Balanced Scorecard a universal key to the business management?
3.4 Balanced Scorecard: a question of conjecture and application CHAPTER FOUR: THE SUSTAINABILITY OF
THE BALANCED SCORECARD
4.1 The Balanced Scorecard: an instrument for sustainability management
4.2 Different possible approaches of integrating environmental and social aspects
4.3 The process of formulating a sustainability Balances
Scorecard

9-11
12
12-13
13
14
14
14-15
16-25

1

17-21
21-22
22-23
23-25
26-32

27-28
28-30
31-32

A iti al a alysis of Bala ed “ o e a d as a pe fo

CHAPTER
FIVE

a e

easu e e t tool: a o e ie of its usage a d sustai a ility

FINDINGS

33-36

5.1 Balanced Scorecard links the performance measurement for better business management and it is an universal solution

34

5.2 The sustainable Balanced Scorecard

34

5.3 Why sometimes BSC



References: 1) Aaker, D., 2000. "The Financial Information Content of Perceived Quality". Journal of Marketing, pp.191-201. 2) Ahn, H., 2001. "Applying the balanced scorecard concept: an experience report". 3) Alford, A., 1992. "The Effect of the Set of Comparable Firms on the Accuracy of the Price-Earning Valuation Model" 4) Amir, E., 1996. "Value - Relevance of Nonfinancial Information: The Wireless Communications Industry" 5) Anderson, E., 1997. "Customer Satisfaction, Market Share, and Profitability: FIndings from Sweden" 6) Anthony, R., 1965. planning and Control Systems: A Framework for Analysis of the BSC 7) Arthu, A., 1994. Customer Satisfaction Strategies and Tactics. Chicago: Arthur Anderson. 8) Ashworth, G., 1999. "Delivering shareholder value – through integrated performance management" 9) Atkinson, G., 2000. "Measuring corporate sustainability". Journal od Environmental Planning and Management, 43(2), pp.235-52. 10) Bainbridge, C., 1996. Balancing Act. Management Consultency, pp.30-33. 11) Banker, R., 1998. "An Empirical Investigation of an Incentive Plan Based on Non financial Performance Measures" 12) Barth, M., 1994. "Estimation and Market Valuation of Environmental Liabilities Relating to Superfund Sites" 13) Beaver, W., 1999. "What Determines Price-Earnings Ratios?" Financial Analysts Journal, pp.65-76. 14) Bertrand, K., 1989. "Putting Customers First". Business Marketing, pp.30-34. 15) Bewer, P., 2003. "Putting the strategy into the balanced scorecard". International Federation of Accountants. 16) Bewer, A., 2004. "Putting strategy into the balanced scorecard". Articels of Merit Competition. 17) Birchard, B., 1995. "Making incount". CFO the Magazine for Senior Financial Executives, pp.42-51. 18) Booth, R., 1996. Accountants do it by proxy. Management Accounting, p.48. 19) Bowbrick, P., 1992. The Economics of Quality, Grades and Brands. New York: Routledge. 20) Box, G., 1994. "An Analysis of Transformations". Journal of the Royal Statistical and Society, pp.211-52. 21) Brain, C., 2005. Using of the BSC. New York: Brain & C. 22) Brown, M.G., 1994. "Is your measurement system well balanced?" Journal for Quality and Participation, pp.6-11. 23) Bushman, R., 1996. "CEO Compensation: The Role of Tindividual Performance Evaluation" 24) Chenhall, R., 2002. "Integrative strategic performance measurement systems: strategy, strategic alignment of manufacturing, learning and organisational 28) Deloitte, T., 1994. "Performance Measurement". Working Paper. 29) Edvinsson, L., 1997. "Intellectual Capital: Realizing Your Company 's True Value by Finding Its Hidden Brainpower" 30) Epstein, M., 1996. Measuring Corporate Environmental Performance: Best Practices for Costing and Managing an Effective Environmental Strategy 31) Fahrabach, M., 2000. "Strategische Umweltcontrolling mit Hilfe der Balanced Scorecard"

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