Development of the Balanced Scorecard
The Group of companies "Nexia DK. Auditors and Consultants" offers its consulting services in the field of development and implementation of the balanced scorecard. At the project stage the integral system of strategic planning, control and realization of the strategy is developed and implemented, with the help of which owners and managers of the client will be able to solve a complex of management tasks related to development and support of various lines of business and projects.
Today the Balanced Scorecard is one of the most effective tools of strategy realization and achieving significant results in business. Recently the Balanced Scorecard was acknowledged by the magazine Harvard Business Review to be one of the most important ideas in management for the last 75 years. The Balanced Scorecard was developed in early 1990s by Robert Kaplan and David Norton and within fifteen years found wide use in various fields – from international corporations and banks to small organizations and state institutions. More than 60% of the largest companies of the world from the list of Fortune 1000 have implemented the Balanced Scorecard.
The Balanced Scorecard is used for measuring the performance of the company on the whole, and of separate businesses and subdivisions. Moreover, the Balanced Scorecard is also used as a means of informational – analytical support of strategic managerial decisions and an effective means of control over the process of strategy realization.