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A balanced scorecard is a strategy performance management tool used very often in business and industry to align business activities to the vision and strategy of the organization.
= What is the best way to ensure a balanced scorecard? =
A balanced scorecard is used by managers to describe their vision/goals to the company.
The primary purpose of a balanced scorecard is to provide a concise report on organizational performance. Usually, a balanced scorecard involves both financial and non-financial factors.
The primary purpose of a balanced scorecard is to provide a concise report on organizational performance. Usually, a balanced scorecard involves both financial and non-financial factors.
can I see a sample balanced scorecard for business development department? can I see a sample balanced scorecard for business development department?
The primary purpose of a balanced scorecard is to provide a concise report on organizational performance. Usually, a balanced scorecard involves both financial and non-financial factors.
The integration of financial and non-financial performance metrics in employee reviews make the scorecard balance. Before the balanced scorecard, only financial metrics were measured.
There are a number of ways one can implement the balanced scorecard translating strategy into action. Perhaps the best way to learn the different ways would be to look for books on the subject, such as The Balanced Scorecard: Translating Strategy into Action by Robert Kaplan.
See the link below.
Robert E.J Noel has written: 'An assessment of the applicability of the balanced scorecard as a management system in a job shop manufacturing company'
One can find more information about strategy or strategic management from various websites. One could read through sites such as Balanced Scorecard, SAP, Experian and Wikipedia.