Balanced Scorecard Review: Problems and Misconceptions

The Balanced Scorecard business evaluation model emerged in the 1990's as a new approach to tactical management. Ever since its introduction, this framework was immediately accepted by organizations in both manufacturing and non-profit spheres. The BSC was recognized as the best theoretical framework by American Accounting Association in 1997. Some of the influential business reviews consider it as one of the most remarkable innovations of the twentieth century. However, despite its popularity, the system may have some disadvantages. In this article we are going to make a brief overview of the BSC-related problems, as well as dwell upon the system's common misconceptions.

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