Balanced Scorecard History
The Balanced Scorecard (BSC) is commonly understood as a strategic planning and management system that is used for the last two decades. But the origins of BSC dates to the 19th century. Today it is used around the globe in civil service organizations, non-profits, businesses and governments. Organizations use the balanced scorecard to align their day to day operations with their vision and strategy. The history of the BSC is depicted in the infographic here.
19th Century
Performance Management is born
1950
- GE on Performance Measurement Reporting
- French Process engineers creating Tableau de Bord
1987
Arthur M.Schneiderman, Analog Devices – First generation Balanced Scorecard design
1990
First documented study of the Balanced Scorecard
1992
The Balanced Scorecard – Measures that Drive Performance by Kalpan and Norton
1996
The Balanced Scorecard: Translating Strategy into Action – First book
2001
The Strategy Focused Organization: How Balanced Scorecard Companies thrive in the new Business Environment
2004
Strategy Maps: Converting Intangible Assets into Tangible Outcomes
2008
The Execution Premium: Linking Strategy to Operations for Competitive Advantage
Today
BSC is used around the world, Future focus on Governance and Risk Management Human Capital, with OKRs
| 1990-1996 | 1996-2002 | 2002-2008 |
| A Measurement System (Scorecard) | A Performance Management System (Strategy-Focused Organizations) | A Core Competency (Strategy Execution) |