The Use of the Balanced Scorecard Techniques - Essay Example

Taking a different course this dissertation will attempt to trace the origin of a balanced scorecard with a wide focus on its different factors which might have brought about the development and use of its techniques in different intuitional factors include private, government organization, insurance companies, semi-government organizations, hospitals, etc. It is fact that there is no guarantee of knowledge, the new innovations are always there to improve the previous ones. We can relate the modern world to the engine of gigantic power that we drive but always the fear of rushing out of control at any time.

This is the juggernaut of theory (Giddens, 1990). The balanced scorecard is one of the latest innovations in management theory. From its innovation to date, the authors are still upgrading it. This new management system got a lot of attraction and considerable response especially from American Companies but also from other countries but it turns out that the interest from French companies was limited. The recent survey shows that German, British and Italian Companies are familiar with the concept of BSC and responding companies were 98%, 83% and 72% respectively.

Among French companies, only 40% were using the BSC. The reason for not using the BSC in French companies may be that these companies were using Tableau de bord (dashboard) before which is very similar to the BSC concept. Some authors suggested that BSC was developed with the inspiration of tableau de bord. (Bourguignon, Malleret, A. Norreklit, H. 2004) The BSC has stimulated a large and ever-growing literature that is now widely spread in business and probably to some extent in public management.

The BSC has received approbation in both the business and the public management context. The use of BSC in the public management context has hitherto only received limited scholarly attention. However, accounting and management models should be studied in the context that they are operating in. (Hopwood, 1983)