Notice of RetractionAn innovation in the performance measurement system: The reviews on studies of the Balanced Scorecard

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Because of the weakness of the traditional performance measurements, the Balanced Scorecard (BSC) has become one of the most known and most studied models. This paper reviewed the studies on BSC connected by scholars, about its signification, criticisms and so on. By analyzing we conclude the following conclusion: The Balanced Scorecard approach is an innovation in the performance measurement system which contains both financial and non-financial measures; it integrates the set of measures derived from the company´s strategy and gives top managers a fast but comprehensive view of the business have been presented. BSC gives an effective communication of the mission and objectives all over the organization and provides a clear and a whole picture of the company to the different levels of the management what permits a correct and a fast decision making.