The Strategy-Focused Organization: How Balanced Scorecard Companies Thrive in the New Business Environment.By Robert S. Kaplan Robert S. Kaplan is Baker Foundation Professor at Harvard Business School and co-creator, together with David P. Norton, of the balanced scorecard, a means of linking a company's current actions to its long-term goals. and David P. Norton. Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. Press, 379 pages. $29.95. Sequels are still more popular in movies than in the business book game, so The Strategy Focused Organization is notable as a follow-on to the authors' 1996 book, The Balanced Scorecard Balanced Scorecard A performance metric used in strategic management to identify and improve various internal functions and their resulting external outcomes. The balanced scorecard attempts to measure and provide feedback to organizations in order to assist in implementing . In effect, this new book is an empirical study of how the theory has been applied, conducted by the team that coined the term. Not surprisingly, perhaps, the inventors/authors find that the companies they looked at are thriving under their system -- "putting strategy at the center of their change and management processes." With more than 200 companies having adopted BSC (Binary Synchronous Communications) See bisync. methodologies, there is a rich vein of examples to draw from, including such stalwarts as Mobil (now Exxon Mobil), Cigna and Nova Scotia Nova Scotia (nō`və skō`shə) [Lat.,=new Scotland], province (2001 pop. 908,007), 21,425 sq mi (55,491 sq km), E Canada. Geography Power. There are even government and nonprofit entities represented. Focusing in depth on each example and summarizing ideas with charts and diagrams, The Strategy-Focused Organization has more than a soupcon of Harvard Business School's case-study approach. Some of the diagrams are very detailed, but most are readily accessible, and the authors' readable prose, short on jargon, serves them well. For companies that have implemented or are considering a BSC approach, this is a valuable addition to the library. |
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