The Evolution and Applications of Balanced Scorecard: A Comparative Approach

Abstract

This paper presents and demonstrates the Balanced Scorecard (BSC) by adopting two approaches. The first approach focuses on the evolution of the BSC and its applications in private and public, government & non-profit organization. The second approach compares four related tools which can help organizations articulate and cascade their strategies. The main focus of this paper is to compare the Balanced Scorecard to three other tools in order to demonstrate the value of the BSC from different points of view. First, the Balanced Scorecard and Tableau de Bord are compared from the point of view of the performance measurement system. Second, the Balanced Scorecard and Executive Information System are compared from the point of view of the strategic management system. Finally, the Balanced Scorecard and Budgeting are compared from the point of view of the control system.