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Article
Aligning Capital Investment Decisions with the Balanced Scorecard
WCOB Faculty Publications
  • Andra Gumbus, Sacred Heart University
  • Bridget Lyons, Sacred Heart University
  • Dorothy E. Bellhouse, Bridgeport Hospital
Document Type
Article
Publication Date
3-1-2003
Abstract

The Balanced Scorecard (BSC) has evolved from a measurement tool to a strategic management tool used by thousands of organizations. The Balanced Scorecard has proven to be a powerful tool in translating strategy into action in the for-profit sector and has recently been adopted by increasing numbers of not-for-profit organizations as well.

University of Bridgeport Hospital, part of the Yale-New Haven Health System, has been using the BSC for over three years to effectively translate strategy into dayto-day operations. The hospital has also linked the capital budgeting process to the BSC to ensure that resource allocation is aligned with strategic imperatives.

Comments

Published: Lyons, B., A. Gumbus, and D. Bellhouse. "Aligning Capital Investment Decisions with the Balanced Scorecard." Journal of Cost Management 17.2 (2003): 34-38.

Citation Information
Lyons, B., A. Gumbus, and D. Bellhouse. "Aligning Capital Investment Decisions with the Balanced Scorecard." Journal of Cost Management 17.2 (2003): 34-38.