Resume as a balanced scorecard: Teaching the balanced scorecard using analogy

Abstract

In managerial accounting courses, students lacking business experience find the balanced scorecard (BSC) an inherently difficult topic to understand. Students may lack an understanding of business strategy, the BSC's perspectives, and the measures that a BSC uses to report performance. This chapter aims to assist instructors who teach the BSC by developing an analogy to a resume, which is a familiar concept to students. The analogy draws upon similarities between the BSC and a well-constructed resume: a cohesive strategy, multiple perspectives or areas, and multiple types of measures for each area. In using this approach, the instructor guides students through the process of viewing a resume as a vehicle for conveying a job-search strategy, similar to the way a BSC communicates an organization's strategy. Thus, students can apply their knowledge of the familiar (their own resumes) to the unfamiliar (the BSC). The chapter provides implementation guidance and results of student surveys. Our students responded positively to the exercise, saying that they learned the basics of the BSC, and even found the exercise enjoyable.

Citation

Christian Mastilak, M. and Matherly, M. (2010), "Resume as a balanced scorecard: Teaching the balanced scorecard using analogy", Catanach, A.H. and Feldmann, D. (Ed.) Advances in Accounting Education (Advances in Accounting Education, Vol. 11), Emerald Group Publishing Limited, Leeds, pp. 33-47. https://doi.org/10.1108/S1085-4622(2010)0000011004