Barney (2002) discusses four approaches to measure the firm’s competitiveness. These measurements are firm's survival, stakeholder approach, simple accounting measures, and adjusted accounting measures. Porter (1985) indicates that a firm experiences a competitive advantage when “its actions in an industry create economic value and when few competing firms are engaging in similar actions.” De Wit and Meyer (1999) and Buffam (2000), indicate that a firm has a competitive advantage when it has the means to edge out rivals when competing for the favour of customers. Barney (2002) explains that a firm experiences a competitive parity when the firm’s action creates economic value applied in several other firms engaging in a similar action. An important goal of a business enterprise is to optimize shareholders’ returns. However, optimizing short-term profitability does not necessarily ensure optimal shareholders returns since shareholder value represents the net present value of expected future earnings. One of the techniques that reflect the shareholders return is the concept of the Balanced Scored Card (BSC) as an indicator for the firm’s competitive advantage.