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Chemico: Evaluating performance based on the Balanced Scorecard

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  • Wynder, Monte

Abstract

For the past decade Chemico Inc. has been pursuing a successful strategy producing an innovative type of plastic that is replacing steel in the production of cars. Chemico has plants around the world, and demand continues to grow. Operations have recently commenced at three new plants in China. You have obtained performance data for the three plants in the form of a Balanced Scorecard (BSC) in which each manager’s performance is compared against the company’s targets. As the Financial Controller for Chemico it is time for you to evaluate the three plant managers and distribute the bonus pool between them.

Suggested Citation

  • Wynder, Monte, 2010. "Chemico: Evaluating performance based on the Balanced Scorecard," Journal of Accounting Education, Elsevier, vol. 28(3), pages 221-236.
    • Handle: RePEc:eee:joaced:v:28:y:2010:i:3:p:221-236
    DOI: 10.1016/j.jaccedu.2011.03.006
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    References listed on IDEAS

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    1. Frank Figge & Tobias Hahn & Stefan Schaltegger & Marcus Wagner, 2002. "The Sustainability Balanced Scorecard – linking sustainability management to business strategy," Business Strategy and the Environment, Wiley Blackwell, vol. 11(5), pages 269-284, September.
    2. Wong-On-Wing, Bernard & Guo, Lan & Li, Wei & Yang, Dan, 2007. "Reducing conflict in balanced scorecard evaluations," Accounting, Organizations and Society, Elsevier, vol. 32(4-5), pages 363-377.
    3. Francesco Perrini & Antonio Tencati, 2006. "Sustainability and stakeholder management: the need for new corporate performance evaluation and reporting systems," Business Strategy and the Environment, Wiley Blackwell, vol. 15(5), pages 296-308, September.
    4. Ittner, Christopher D. & Larcker, David F. & Randall, Taylor, 2003. "Performance implications of strategic performance measurement in financial services firms," Accounting, Organizations and Society, Elsevier, vol. 28(7-8), pages 715-741.
    5. Lipe, Marlys Gascho & Salterio, Steven, 2002. "A note on the judgmental effects of the balanced scorecard's information organization," Accounting, Organizations and Society, Elsevier, vol. 27(6), pages 531-540, August.
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    Cited by:

    1. Chiara Mio & Antonio Costantini & Silvia Panfilo, 2022. "Performance measurement tools for sustainable business: A systematic literature review on the sustainability balanced scorecard use," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(2), pages 367-384, March.
    2. Erland Hejn Nielsen & Steen Nielsen, 2020. "Preparing students for careers using business analytics and data-driven decision making," Economics Working Papers 2020-08, Department of Economics and Business Economics, Aarhus University.
    3. Monte Wynder, 2013. "Will Rhetoric ever Become Reality? A Rejoinder to Larrinaga and Schaltegger," Accounting Education, Taylor & Francis Journals, vol. 22(4), pages 388-390, August.
    4. Nassereddine Hassan & Ahmad Amar Sayed, 2019. "The role of management accounting systems in sustainable and development strategies," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 13(1), pages 313-325, May.

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