Getting the scorecard in balance : Important to match correct version to firm’s needs

Purpose – This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds his own impartial comments and places the articles in context. Findings – In this study, eight subsets of the Balanced Scorecard are proposed, grouped into three generations; the first being the initial generation of scorecard, the second generation including strategy maps and the final generation which includes destination statements. Practical implications – The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations. Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and an easy-to digest format.