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The Balanced Scorecard in Large Firms and SMEs: A Critique of the Nature, Value and Application

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  • Mohamed A. K. Basuony

Abstract

During the last two decades, the use of the BSC has been widely spread in all sectors such as manufacturing and services; small and large firms; public and private sector. The idea of this paper is to investigate the contribution made by the Balanced Scorecard in both large firms and SMEs. This paper critiques the Balanced Scorecard from different points of view such as generations of the BSC, performance measures used, benefits of using BSC, scope of BSC, the design of BSC and strategy deployment. Finally, these different points of view were analyzed in order to reflect the implementation and application of BSC in large firms and SMEs.

Suggested Citation

  • Mohamed A. K. Basuony, 2014. "The Balanced Scorecard in Large Firms and SMEs: A Critique of the Nature, Value and Application," Accounting and Finance Research, Sciedu Press, vol. 3(2), pages 1-14, May.
    • Handle: RePEc:jfr:afr111:v:3:y:2014:i:2:p:14
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    References listed on IDEAS

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    1. Olson, Eric M. & Slater, Stanley F., 2002. "The balanced scorecard, competitive strategy, and performance," Business Horizons, Elsevier, vol. 45(3), pages 11-16.
    2. Thomas Henschel, 2006. "Risk management practices in German SMEs: an empirical investigation," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 3(5), pages 554-571.
    3. 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.
    4. Steen Nielsen & Rene Sorensen, 2004. "Motives, diffusion and utilisation of the balanced scorecard in Denmark," International Journal of Accounting, Auditing and Performance Evaluation, Inderscience Enterprises Ltd, vol. 1(1), pages 103-124.
    5. Kald, Magnus & Nilsson, Fredrik, 2000. "Performance measurement at Nordic companies," European Management Journal, Elsevier, vol. 18(1), pages 113-127, February.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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