With a lot of people gaining huge interests about the balanced scorecard concept, the next logical step for its founders Dr. Robert Kaplan and Dr. David Norton to do would be to form their own firm. This will pave the way for the constant improvement on the several current practices surrounding the balanced scorecard and thus, the birth of the Balanced Scorecard Collaborative, Inc. (BSCol).
BSCol is like a one-stop shop that people can rely on to know more about the balanced scorecard concept. It is a training and research institution, at the same time a consulting and development firm that promotes the value of balanced scorecard as an excellent management process. It simply facilitates awareness, enhancement, integrity and usage of balanced scorecard that through the years it has become the global hub of balanced scorecard expertise and excellence. Its services include (a) fast track consulting; (b) facilitating how to and in house training; (c) online membership; (d) collaborative networking; and (e) holding executive and annual summit conferences.
As an entrepreneurial institution, BSCol ‘s goal is to revolutionize the business management consulting model. It also managers powerful web services that can be reached worldwide. With BSCol ‘s continuous commitment for excellence, the Harvard Business Review (HBR) recognized the balanced scorecard as one of the most significant management ideas of the past 75 years. This also gave confidence to a lot of companies to apply the principles of the balanced scorecard in their organization. In 1999, Bait & Company even further indicated that most of these companies have shown strong satisfaction with balanced scorecard. Thanks to the efforts of Dr. Robert Kaplan and Dr. David Norton as they have simply changed people ‘s perspective on how to improve business operations.