Scorecard Essays

Activity-Based Costing and the Balanced Scorecard Activity-based costing (ABC), activity-based management (ABM) and the balanced scorecard (BSC) are established management methods. They are building blocks of performance management systems. ABC and ABM provide cost and other business intelligence about key business elements including resources, activities, products, services and customers. They …

Final Strategic Plan and Presentation Strategic Plan Strategic Management is an important process in operating a business and is defined as “the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives.” Creating a mission and vision as part of …

Balanced Scorecard Implementation Pitfalls to Avoid There are many Balanced Scorecard implementations where companies don’t seem to get all the benefits described above. Research and experience have identified various traps and pitfalls; main ones to avoid are listed below. Taking Strategy Design shortcuts. Many companies take a balanced scorecard that …