Balanced Scorecard & Tableau de bord Essay Example | Topics and Well Written Essays - 1500 words

Balanced Scorecard & Tableau de bord - Essay ExampleThis paper discusses the differences and similarities amidst the two systems of measurements by reviewing their strengths and weaknesses and then recommending the balanced scorecard as the best to be used by the companies.IntroductionLately there has been an increased functioning measurements system evolution. The use of measurements that atomic number 18 non-financial, together with more conventional economical, has become a common recommendation even though its uses are not something new, they were only developed fully during then nineties (Anthony &Dearden, 2007, p23). The relationship between the process of strategic planning and measurement of instruction execution has been emphasized, at both the levels of a corporation. Presently, the most highly rated system of strategic measurement is the balanced scorecard. Nevertheless, the balanced scorecard has actually brought about serious attention particularly in the United Sta tes of America, as well as in some other several countries (Atkinson, Waterhouse and Wells, 2007, p.43). However, in France, the system of performance measurement has not been welcomed with much exuberance like in the other countries. The academic reticence of France relies mainly on the fact that the French companies have used for more than fifty years a literary dashboard (tableau de bord), which is much more similar to the balanced scorecard. ... Balanced scorecard Since the year 1992, several articles and texts have been dedicated to the balanced scorecard. However, those who mostly advocated for the approach path are Kaplan and Norton. Moreover, several publications have stressed its general deployment conditions or reported particular experiences. It translates a business units strategy and vision into goals and measures of performance in four various areas namely the financial, client, perspectives of growth and learning and internal business process (Kaplan and Norton, 199 3, p.83). The financial viewpoint identifies the way the corporation wishes to be seen by its shareholders. The customer viewpoint identifies the way the corporation wishes to be seen by its clients. The internal business process viewpoint highlights the business process whereby the corporation has to be specifically proficient for the purposes of satisfying its clients and shareholders. This explanation results in the identification of the major indicators of process that the corporation wishes to manage and which will be party to the balanced scorecard itself (Jenkins, 2000, p.73). practise and effectiveness among the survey respondents Tableau de bord It is not an easy thing to describe the tableau de bord. The tableau de bord is old as compared to the balanced scorecard, and this means that it has gone by several changes since its inception. There are several versions of it than the balanced scorecard. In French, we find that the tableau de bord refers to the dashboard, and th erefore the manager is figuratively compared to a pilot. In accordance with this culture, it is a tool meant for the companys top management, giving it a quick and worldwide