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Erland Hejn Nielsen

Strategic Balanced Scorecard Simulation

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Strategic Balanced Scorecard Simulation. / Nielsen, Steen; Nielsen, Erland Hejn.

In: ORbit, No. 19, 2012, p. 29-33.

Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaperJournal articleCommunication

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@article{76236c707c54448794221f353afc526e,
title = "Strategic Balanced Scorecard Simulation",
abstract = "The purpose of this article is to show how a System Dynamics Modelling approach can be integrated into the Balanced Scorecard (BSC) for a case company with special focus on the handling of causality in a dynamic perspective. The case company’s BSC model includes five perspectives and a number of financial and non-financial measures. The overall idea of BSC is to make the strategy operational, as proposed by Kaplan and Norton (1992; 1996; 2007) and to use the strategy for simulation. Our results indicate that a company may gain great learning insight from such simulation studies. The whole article will be published in a coming issue of Journal of Business and Systems Research.",
keywords = "Balanced Scorecard, System Dynamics",
author = "Steen Nielsen and Nielsen, {Erland Hejn}",
year = "2012",
language = "English",
pages = "29--33",
journal = "ORbit",
issn = "1601-8893",
publisher = "Danmarks Tekniske Universitet",
number = "19",

}

RIS

TY - JOUR

T1 - Strategic Balanced Scorecard Simulation

AU - Nielsen, Steen

AU - Nielsen, Erland Hejn

PY - 2012

Y1 - 2012

N2 - The purpose of this article is to show how a System Dynamics Modelling approach can be integrated into the Balanced Scorecard (BSC) for a case company with special focus on the handling of causality in a dynamic perspective. The case company’s BSC model includes five perspectives and a number of financial and non-financial measures. The overall idea of BSC is to make the strategy operational, as proposed by Kaplan and Norton (1992; 1996; 2007) and to use the strategy for simulation. Our results indicate that a company may gain great learning insight from such simulation studies. The whole article will be published in a coming issue of Journal of Business and Systems Research.

AB - The purpose of this article is to show how a System Dynamics Modelling approach can be integrated into the Balanced Scorecard (BSC) for a case company with special focus on the handling of causality in a dynamic perspective. The case company’s BSC model includes five perspectives and a number of financial and non-financial measures. The overall idea of BSC is to make the strategy operational, as proposed by Kaplan and Norton (1992; 1996; 2007) and to use the strategy for simulation. Our results indicate that a company may gain great learning insight from such simulation studies. The whole article will be published in a coming issue of Journal of Business and Systems Research.

KW - Balanced Scorecard

KW - System Dynamics

M3 - Journal article

SP - 29

EP - 33

JO - ORbit

JF - ORbit

SN - 1601-8893

IS - 19

ER -