(Third part of three part series. See post one and post two.) Managerial accounting and its sub-field of activity-based costing both look inward at the firm to explain costs and profits. The methodology of Balanced Scorecard (BSC) looks both inward—at…

The innovation that Robert S. Kaplan and David P. Norton achieved in the Balanced Scorecard (BSC) methodology was the creative synthesis of three well-established traditions in business thought: managerial accounting, activity-based costing, and strategy. In my first post of this…

Without diminishing the originality of the Balanced Scorecard (BSC) methodology, it gains validity in my mind as an innovative synthesis of well-established traditions in business thought: managerial accounting (in particular, activity based costing) and Michael Porter’s writings on strategy. In…