Determinants of Balanced Scorecard Adoption: A Review of Perspectives

The main focus of this study was to examine the determinants of the adoption of balanced scorecard as a performance measure using the library based methodology which relies extensively on the review of relevant literature. From the survey of empirical literature, it can be inferred that the adoption of the balanced scorecard in developing countries is still at an embryonic stage. Based on the contingency theory, the study identifies that the adoption of balanced scorecard as a choice of performance measurement could be dependent on firm size, attitudinal factors, top management support, organisation culture and environmental factors. In conclusion, based on the extant literature reviewed it appears that the differential adoption of the balanced scorecard may be linked to a variety of factors. This link can be subjected to empirical validation in further studies.