It defined as “the

According to Tranfield et al. The Balanced Scorecard does not address the ideas of sustainability directly (I’m talking about the three pillars of sustainability), but the Balanced Scorecard framework can be used to describe and execute the sustainability strategy of the organization.

1. Keywords Balanced Scorecard, BSC, Performance Management, Performance Measurement 1.

The same can be said about sustainability.

Limitations of balanced scorecard. In rapidly changing environments that characterize most industries today, organizations face intense competitive pressure to do things better, faster and cheaper. Provides a Clear Picture Proponents for the application of the Balanced Scorecard posit that this is a systematic and methodological tool. The business environment of the new century has undergone rapid and accelerating

1. it can involve a large number of calculations which may make performance measurement time-consuming and costly to operate. The aim of the work is to provide a basis for in-depth study on the limits of the balanced scorecard.
Lack of Risk Analysis

List of Pros of Balanced Scorecard. Dr. Robert Kaplan of Harvard University and Dr. David Norton developed the balanced scorecard so that companies could manage according to performance measures other than short-term sales and profit. Disadvantage 3.

balanced scorecard research are identified, leading to consideration of several ideas for future research.

the selection of performance indicators under each of the four perspectives is subjective

The different approaches of management research areas have given different definitions of performance management system.

The limitations of a balanced scorecard approach to performance measurement (1) The balanced scorecard attempts to identify the chain of cause and effect relationships which will provide the stimulus for the future success of an organisation. As such, it is able to provide visual means of how the goals of the organization are being met and the plan of action necessary to achieve these goals.

Introduction The Balanced Scorecard is a strategic management tool that aims to clarify strategy and to translate it into action. Introduction Performance measurement has been a popular topic for both industrialists and academics. Our research focuses on the limits of the Balanced Scorecard.


Companies have found that there are advantages and disadvantages of a balanced scorecard. Key words: Balanced Scorecard, performance management systems, social and environmental issues. (2003) [1] we are tackling the topic through a systematic review of the literature.