Development Perspective of Balance Scorecard through “multi-dimensional” value measurement

Abstract

This work, after dealing with the multidimensional “values”, as “objective” goal of the company, is intended to go through the main and significant measuring tool, that is able to analyze different aspects of the performance and to represent different perspectives of the “multiple” value creation process.
It is the Balanced Scorecard framework, an analysis instrument which has the aptitude to measure the performance according to a multidimensional and coordinated logic, as well as to represent the causal links between strategic goals and assumed measuring indicators. The analysis of this innovative balanced measuring system, developed on a deductive approach based on theoretical and empirical studies already done, propose comments on some critical aspects of this model and enlightening possible solutions and opportunities, in order to contribute to its development path and to the widening of its content.
The present paper has been developed in the perspective of the most accepted accounting and finance theory.