Catalog

Balanced Scorecard for State-Owned Enterprises

E-mail or fax the Publications Unit at + 632 636 2648 to order the printed version of this publication. Applicable shipping cost will be charged. Books, Periodicals, Studies, and Reports ISSN: 031807 Publication Date: December 2007 New

This book provides analytical guidance based on international best practices in state-owned enterprise (SOE) performance management and corporate governance. In short, the book contains a road map for governments to use the balanced scorecard (BSC) to better manage their public sector organizations. Governments around the world are fiduciary owners of billions of dollars of equity capital. Often, especially in transition economies, governments hold majority ownership of their country’s largest enterprises. However, the civil service employees that are designated as caretakers of these government-controlled corporations typically have little experience or training in portfolio management, enterprise performance measurement, or strategic management.

The BSC is the most widely adopted strategic performance management methodology in use today–both in the corporate world and in the nonprofit and government sectors. It has also been ranked recently as one of the most important management concepts in the last 75 years by the Harvard Business School. Moreover, it incorporates best practices from previous enterprise management systems developed over the last 400 years.

Governments and SOEs around the world are financially and resource constrained, yet governments and the SOEs they control are being called upon to provide better services to more people often for cheaper prices. Given that the BSC has helped countless organizations achieve strategic alignment, increase productivity, and become globally competitive, it follows that governments should learn about and adopt this important tool for governance and strategic performance management.

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