IDEAS home Printed from https://ideas.repec.org/p/ags/ifma03/24380.html
   My bibliography  Save this paper

A Critique of the Use of the Balanced Scorecard in Multi-Enterprise Family Farm Businesses

Author

Listed:
  • Shadbolt, Nicola M.
  • Beeby, N.
  • Brier, B.
  • Gardner, John W.G.

Abstract

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 farming businesses. The BSC was immediately applicable in the strategic management process for those businesses with current business plans. It could be used to test the degree of balance between the goals already identified in their plans. It was able to be used to critique the control measures they had in place and to determine how well they could be used to derive the causal chain from the operational level to family goals. In some instances either outcome or driver measures were recognized as being missing, in others the wiring within the balanced scorecard revealed some strategic measures without linkages.

Suggested Citation

  • Shadbolt, Nicola M. & Beeby, N. & Brier, B. & Gardner, John W.G., 2003. "A Critique of the Use of the Balanced Scorecard in Multi-Enterprise Family Farm Businesses," 14th Congress, Perth, Western Australia, August 10-15, 2003 24380, International Farm Management Association.
    • Handle: RePEc:ags:ifma03:24380
    DOI: 10.22004/ag.econ.24380
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/24380/files/cp03sh01.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.24380?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Andersson, Per, 2002. "Competence Development Program for the Farmer with Reference to Life as Well as Business," 13th Congress, Wageningen, The Netherlands, July 7-12, 2002 7007, International Farm Management Association.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Paustian, Margit & Wellner, Marie & Theuvsen, Ludwig, 2015. "The Balanced Scorecard as a Management Tool for Arable Farming," 2015 International European Forum (144th EAAE Seminar), February 9-13, 2015, Innsbruck-Igls, Austria 206237, International European Forum on System Dynamics and Innovation in Food Networks.
    2. Nan Chen & Xinglong Yang & Nicola Shadbolt, 2020. "The Balanced Scorecard as a Tool Evaluating the Sustainable Performance of Chinese Emerging Family Farms—Evidence from Jilin Province in China," Sustainability, MDPI, vol. 12(17), pages 1-27, August.
    3. Paustian, Margit & Wellner, Marie & Theuvsen, Ludwig, 2015. "The Balanced Scorecard as a Management Tool for Arable Farming," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 6(3), pages 1-12, July.
    4. Paustian, Margit & Schlosser, Katharina & Theuvsen, Ludwig, 2015. "Strategische Planung Und Kontrolle Von Milchviehbetrieben Mit Der Balanced Scorecard," 55th Annual Conference, Giessen, Germany, September 23-25, 2015 209194, German Association of Agricultural Economists (GEWISOLA).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nan Chen & Xinglong Yang & Nicola Shadbolt, 2020. "The Balanced Scorecard as a Tool Evaluating the Sustainable Performance of Chinese Emerging Family Farms—Evidence from Jilin Province in China," Sustainability, MDPI, vol. 12(17), pages 1-27, August.

    More about this item

    Keywords

    Farm Management;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ifma03:24380. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ifmaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.