The balanced scorecard can be used to integrate and evaluate the effectiveness of planning and financial processes. Kaplan, Robert S. New systems for measurement and control. The author suggests management accounting systems that will give operational control, add activity-based costing, and assist capital investment decisions. Kaplan, Robert S. and David P. Norton. The balanced scorecard - measures that drive performance.
Managers can track measures as they work toward their objectives.
As a result of this article, the authors were asked by a number of executives to help them implement the Balanced Scorecard in their organizations. Kaplan, Robert S. and David P. Norton. The Balanced Scorecard - translating strategy into action. Harvard Business School, 1996. The rapid evolution of the Balanced Scorecard into a strategic managment system is reported on in this book.