2008
DOI: 10.1002/jsc.819
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Contrasting uses of balanced scorecards: case studies at two UK companies

Abstract: ᭹This article considers two contrasting applications of the balanced scorecard, at EDF Energy and Tesco, where the scorecard is called a steering wheel. A distinction is drawn between a strategic scorecard based on vision and a performance management scorecard based on mission and values. This difference makes the associated balanced scorecards useful to management in different ways. Our model demonstrates how different balanced scorecard approaches can complement each other for effective strategic management.… Show more

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Cited by 8 publications
(5 citation statements)
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“…In this instance, scholarly work (e.g. Atkinson, 2006;Olson and Slater, 2002;Witcher and Chau, 2008) has contributed extensively to understanding of the management tool in both theoretical and practical contexts.…”
Section: Scholarship That Recognizes Different Perspectivesmentioning
confidence: 99%
“…In this instance, scholarly work (e.g. Atkinson, 2006;Olson and Slater, 2002;Witcher and Chau, 2008) has contributed extensively to understanding of the management tool in both theoretical and practical contexts.…”
Section: Scholarship That Recognizes Different Perspectivesmentioning
confidence: 99%
“…Also, this paper concerns the strategic decision in mediumlong term. Witcher and Chau (2008) presented two contrasting applications of the balanced scorecard, at EDF Energy and Tesco, where the scorecard is called a steering wheel. A distinction is drawn between a strategic scorecard based on vision and a performance management scorecard based on mission and values.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Understanding how regulation impacts upon the organization or how regulatory incentives influence internal management is somewhat more intricate than traditionally considered in managerial economics (Holmstrom and Milgrom, 1991), and there are other strategic and performance management issues concerned (Witcher and Chau, 2008); where a managerial change in regulated sectors is dynamic, changes to governmental and regulatory policies may impact upon micro-organizational practices unpredictably (Wilson and Jarzabkowski, 2004). The project was also novel in that it utilised a rare research approach (longitudinal tracer studies) in the regulation sector to explore issues inside the organization, treating it as a "black-box", to complement extant knowledge about the regulatory environment outside it.…”
Section: The Regulation Research Project: Implications Of Iip 51 Ratmentioning
confidence: 99%