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References (6)
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R.S. Kaplan, D.P. Norton
The Strategy‐focused Organization – How Balanced Scorecard Companies Thrive in the New Business Environment
- Publisher
- Emerald Publishing
- Copyright
- Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
- ISSN
- 1368-3047
- DOI
- 10.1108/13683040410569352
- Publisher site
- See Article on Publisher Site
Abstract
Enterprise governance is an emerging concept which emphasizes the importance of balancing the corporate governance and performance management aspects of the organization. In the light of recent corporate scandals, there has been considerable pressure worldwide to improve standards of corporate governance through new codes of best practice and legislation. While necessary, there is a danger that with so much attention on control issues, the need for companies to create long‐term wealth and to pursue the right strategies to achieve this is overlooked. Research has shown that a particular challenge for boards is to maintain effective oversight of the company’s strategic position and progress. In response to this “gap” in oversight, The Chartered Institute of Management Accountants has developed a strategic scorecard. The scorecard is currently under development but is introduced here as a potentially valuable strategic management framework.
Journal
Measuring Business Excellence – Emerald Publishing
Published: Dec 1, 2004
Keywords: Corporate governance; Performance management; Risk management