Why is it only large companies that have implemented Balanced Scorecards?
The Balanced Scorecard first surfaced in the early 90’s in a paper by Kaplan & Norton in the Harvard Business Review. They published their classical book on the subject in the mid 90’s. Only in the last 2-3 years with the wide use of ERP systems and OLAP tools to provide the information for multi leveled scorecards have large corporates really adopted the BSC and have been reaping the benefits. Like all good ideas it is adopted early by the leading companies (tend to be corporates) and will filter down to the SME level at some stage. The Balanced Scorecard will either touch the SME directly or via a Corporate Supply Chain but the SME will be touched! The Balanced Scorecard if adopted by the SME not only gives the company a method to translate strategy into actions down its organization but also will give the company a competitive advantage when dealing with larger companies/corporates. The Performance Track Balanced Scorecard has been specifically designed for the SME market without th
