Tag Archives: balanced scorecard

Modernizing the Balanced Scorecard

We covered Kaplan and Norton’s (1996) Balanced Scorecard in my ISAT 654 (Advanced Technology Management) class at JMU a couple weeks ago. Appropriately, the students recognized that the research into balanced metrics and the strategy maps underlying the method is nearly 20 years old. Hasn’t the Balanced Scorecard been modernized since then, they asked, to reflect changing concerns in a changing world – especially social, political and environmental concerns? After all, sustainability and social responsibility are major concerns these days, and any scorecard that’s worth its salt should incorporate these considerations, they argued.

Here are a few “modernizations” I found that might be of interest:



Möller, A. & Schaltegger, S., (2005). The Sustainability Balanced Scorecard as a Framework for Eco-Efficiency Analysis, Journal of Industrial Ecology, 9(4), 73-83.

Sidiropolous, M., Mouzakitis, Y., Adamides, E., & Goutsos, S. (2004). Applying Sustainable Indicators to Corporate Strategy: The Eco-Balanced Scorecard. Environmental Research, Engineering & Management, 1(27), 28-33.