COST ACCOUNTING
BALANCED SCORECARDS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Kablan and Norton
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Beck and Sasha
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Kaplan y Norton
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none of the above
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Detailed explanation-1: -Drs. Robert Kaplan and David Norton together developed the Balanced Scorecard (BSC), a strategy management framework that “balances” four critical perspectives within an organization. Over a 20-year period, they published five books and 13 articles together-and many more separately.
Detailed explanation-2: -Developed by Robert Kaplan and David Norton in the early 1990s, the balanced scorecard is more than a measurement system-in fact, it’s a management system.
Detailed explanation-3: -David Norton, co-founder of the consulting company, Renaissance Solutions, and Robert Kaplan, the Marvin Bower Professor of Leadership Development at Harvard Business School, developed the concept in research sponsored by KPMG.
Detailed explanation-4: -Highlights the range of influences on the success of a business beyond that of the traditional view of looking at profit. It combines non-financial measures alongside financial measures.
Detailed explanation-5: -Kaplan & Norton’s Balanced Scorecard model was developed in the early 1990’s as an attempt to help firms measure business performance using both financial and non-financial data.