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A Critique of the Use of the Balanced Scorecard in Multi-Enterprise Family Farm Businesses AgEcon
Shadbolt, Nicola M.; Beeby, N.; Brier, B.; Gardner, John W.G..
Business strategy is very important to small and medium family businesses as many are both fragile and vulnerable; strategy provides a solid foundation for survival. Various studies have identified that businesses that engage in strategic management outperform those that do not. Despite this knowledge the uptake of many aspects of strategic management by farm businesses has been slow. Although the development of business plans is now common there is often a disconnect between monitoring and strategy. The Balanced Scorecard (BSC) was applied to case study farms during both the planning process and as they implemented and controlled their strategic choices to determine areas of difference that restrict or enhance it as a management tool for both family and...
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2003 URL: http://purl.umn.edu/24380
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