the concept of balanced scorecard is new by its name but not by its origin. Is has made only a development over a number of existing concepts and theories like Activity Based Management, Management By Objectives, Total Quality Management, Strategic Management, Behavioral Theory Of Economics, Delegation Of Authority, Decentralization Of Decision-Making etc.; but what is unique about Balanced Scorecard is that it brought and pooled together the fruits of such theories and concepts into a single integrated measure of corporate performance covering all aspects of an organization.