p. 2
“
Today, organizations are competing in complex environments so that an accurate understanding of their goals and the methods for attaining those goals is vital. The Balanced Scorecard translates an organization’s mission and strategy into a comprehensive set of performance measures that provides the framework for a strategic measurement and management system.
— David P. Norton
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Today, organizations are competing in complex environments so that an accurate understanding of their goals and the methods for attaining those goals is vital. The Balanced Scorecard translates an organization’s mission and strategy into a comprehensive set of performance measures that provides the framework for a strategic measurement and management system." in the context of "p. 2" to mean that wisdom is timeless.
Source: Wikiquote: "David P. Norton" (Quotes, The Balanced Scorecard, 1996: Robert S. Kaplan and David P. Norton. The Balanced Scorecard: Translating Strategy into Action. 1996)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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About David P. Norton
David P. Norton (born 1941) is an American business theorist, business executive and management consultant man, known as co-creator, together with Robert S. Kaplan, of the balanced scorecard.
About David P. Norton
David P. Norton (born 1941) is an American business theorist, business executive and management consultant man, known as co-creator, together with Robert S. Kaplan, of the balanced scorecard.
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