Balanced Scorecard

<p>Managing in a contemporary world has become increasingly more complex. It has evolved from a manufacturing setting with little to steer managers but a single financial indicator to managing a greater percentage of intangible assets through numerous leading and lagging indicators. The industry has also evolved from centrally located and managed to decentralized multi-national companies. In response to these changes a new strategic management tool was developed called the Balanced Scorecard (BSC). This management tool has proved extremely successful throughout the last decade. In 2001 Air Force Materiel Command (AFMC) implemented a Balanced Scorecard (BSC). The purpose of this research was to evaluate the implementation and use of AFMC's BSC. To guide this effort both meta-synthesis and historical methodologies were employed. First a meta-synthesis approach was used to synthesize qualitative BSC data that resulted in eleven keys to successful BSC implementation and use. Secondly an historical methodology was employed to review AFMC's BSC history within each of these key areas. Once the literature and AFMC's history were compared perceived gaps were identified and recommendations provided. Finally the significance of the research and recommendations for future research were also provided.</p><p>This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact and remains as true to the original work as possible. Therefore you will see the original copyright references library stamps (as most of these works have been housed in our most important libraries around the world) and other notations in the work.</p><p>This work is in the public domain in the United States of America and possibly other nations. Within the United States you may freely copy and distribute this work as no entity (individual or corporate) has a copyright on the body of the work.</p><p>As a reproduction of a historical artifact this work may contain missing or blurred pages poor pictures errant marks etc. Scholars believe and we concur that this work is important enough to be preserved reproduced and made generally available to the public. We appreciate your support of the preservation process and thank you for being an important part of keeping this knowledge alive and relevant.</p><br>