(USM&R)
1993
#6 in profitability
1995
1996
1997
1998
#1 in profitability
#1 in profitability
#1 in profitability
#1 in profitability
1993
Property & Casualty
Retail Bank
1993
Profits = $x
1994
1995
1996
Profits = $8x
Profits = $13x
Profits = $19x
Brown & Root Engineering (Rockwater)
1993
Losing money
1996
#1 in growth and profitability
Profit
Stock
$275M loss

Stock Price = $59
1994
1995
1996
1997
1998
$15M
$60M
$80M
$98M
$94M
$74
$114
$146
$205
$249
Mobil
(SOURCE : Norton, 1999)
Balanced Scorecard “early adopters”