BSC in Finland


In the study, "Balanced Scorecard in Finnish companies: a research note", Teemu Malmi (2001),  investigated the state of the Blanced Scorecard use among finnish organizations. The study conducted on a sample of 17 Finnish companies suggested that the Balanced Scorecard is mainly used in two ways.

  • to manage by objectives
  • to use BSC as an information system


The study also provide evidence of a lack of understanding during the first BSC implementations in regards with the idea of linking measures together based on assumed cause and effect relationships.


Despite this early shortcoming, BSC in Finland seems to have gained great popularity. For further details about the findings you can access it by following the link listed below.

BSC in practice : By country


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