Assignment: Implementation of the Balanced Scorecard
The term “balanced scorecard” became part of the professional accounting vernacular in the early
1990s. This nontraditional approach to measuring strategic performance was developed by Dr. Robert
Kaplan and Dr. David Norton. As the name implies, the goal of the balanced scorecard is to provide
stakeholders with a balanced view of the performance of an organization.
For this Assignment, review Case 141, “Global Oil” in Chapter 14 of your course text and reflect on
the information presented. Consider how the balanced scorecard should be implemented, including
how it the results of this implementation might contribute to organizational decision making.
Provide a critical analysis of M&R’s implementation of the balanced scorecard, including an
identification of the strengths and weaknesses of the program.
Prepare a response to the following: Was the adoption of the balanced scorecard at M&R responsible
for turning around the organization’s financial performance? Explain why or why not.
Zimmerman, J. L. (2014). Accounting for decision making and control (8th ed.). New York, NY:
Chapter 14, “Management Accounting in a Changing Environment” (pp. 608–633, 648–649)
Case 141, “Global Oil” (pp. 648–649)
In the final chapter of your course text, the author revisits and adds to the information originally
presented in Chapter 1. The author applies the information contained in the course text to recent
accounting trends and innovations. Be sure to pay particular attention to Case Study 141, “Global