The study of Balance Score card
Hafiz Sheraz Kashif Butt
The study of Balance Score card.
Rel. Paolo Neirotti. Politecnico di Torino, Master of science program in Engineering And Management, 2021
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Abstract
Balanced Scorecard concept is used for the Performance Management System by organizations. Around 75% organizations of the world are applying the Balanced Scorecard tool for the improvement in their Organizational Performance. However, in the past many tools recommended tend to accentuate only one of the values that an organization has to realize, that the Balanced Scorecard recommend what is extremely vital for an organization to achieve balance between these values for the improvement of corporate value. This thesis summarizing the analysis of major studies conducted on balance score card from 1992 to 2021 and the statistical analysis of BSC research papers along with the practical application of the role of balance score card in solving issue faced by management of KIRIN BREWERY a Japanese company.
During the period when BSC was introduced to KIRIN BREWERY, KIRIN recognized that they need to change their strategies in order to overcome the downturn and to challenge emerging new competitors, generally when an organization agrees to change their strategies intensely, it wants to reintroduce or improve how they can develop those strategies to cope with new entrants
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