Prior to beginning work on this discussion, please read about the Economic Value Added (EVA) and the Balanced Scorecardmanagement systems on the websites of theCorporate Finance Institute(Links to an external site.)

(CFI) and theBalanced Scorecard Institute(Links to an external site.)

(BSI) respectively.

The consulting firm Stern Value Management designed the EVA and the Palladium Group designed the Balanced Scorecard as breakthrough performance measures to rank ordering processes for investments and help clients create value.

Form a report describing the Balanced Scorecard and the Economic Value Added and their claimed advantages. Then compare these two systems to corporate and divisional performance measurement.