Balanced scorecard implementation in Australian companies: An exploratory study of current corporate practice and strategic intent

This paper investigates the current state of corporate Australia’s balanced scorecard practices and the plan to implement it in near future. An investigation of top 50 Australian companies surveyed revealed that only 33 percent companies have implemented balanced scorecard (BSC) and 25 percent companies are planning to implement it in future. The results indicate that management of Australian companies has not yet taken holistic approach to BSC implementation but the results show that Australian companies are likely to adopt a strategic posture of intention to implement BSC in near future. However, corporate management strongly believe that BSC is a strategic and valuable performance measurement system and pressure from the stakeholders will results in its implementation in Australian companies.