Worcester Polytechnic Institute (WPI) today honored 1962 alumnus David P. Norton with the university's second annual WPI Innovator of the Year Award. The award recognizes a graduate or friend of WPI who has demonstrated exemplary accomplishments, showcasing individuals who have excelled in driving innovation within enterprises of all kinds.
"David Norton has combined deep insight and entrepreneurial leadership to develop an innovation that has transformed strategic management in business, industry, government and the nonprofit sector," said Mark Rice, dean of WPI’s School of Business. "WPI honors and celebrates his innovations and his achievements."
Norton, co-creator of The Balanced Scorecard, is the world's leading authority on strategic performance management. He is the founder and director of several professional services firms, including Palladium Group, Balanced Scorecard Collaborative and Renaissance Solutions Inc. The Balanced Scorecard is a strategic planning and management system that is used extensively in business and industry, government and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals. The Balanced Scorecard concept was selected by the editors of Harvard Business Review as one of the most influential management ideas of the past 75 years.
Norton was voted as one of the world's 12 most influential thinkers by Sun Top Media’s "Thinkers 50" in 2008. He is a former trustee of Worcester Polytechnic Institute and a former Director of ACME (the Association of Consulting and Management Engineers).
Most recently, Norton co-authored The Execution Premium: Linking Strategy to Operations for Competitive Advantage. His books have been translated into 23 languages. He was awarded the "Champion of Workplace Learning and Performance Award" by the American Society for Training and Development. A resident of Concord, Norton earned a B.S. in electrical engineering from WPI, an M.S. in operations research from the Florida Institute of Technology, an MBA from Florida State University, and his doctorate in business administration from Harvard Business School.
WPI INNOVATOR OF THE YEAR AWARD
The Balanced Scorecard
The second recipient of the annual WPI award, Norton is an entrepreneur, lecturer, writer, and expert on strategy management.