What is the Balanced Scorecard?

  • Created Date24 Feb, 2018
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The balanced Score card may be a management system (not solely a measure system) that permits organizations to clarify their vision and strategy and translate them into action. It provides feedback around each the internal business processes and external outcomes so as to endlessly improve strategic performance and results. Once totally deployed, the balanced score card transforms strategic coming up with from an educational exercise into the nerve center of associate enterprise. Find here complete Balanced Scorecard file for you deep knowledge.

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Kajal

A good balanced scorecard may be very useful and there are few benefits of this: 1. Better Strategic Planning 2. Improved Strategy Communication & Execution 3. Better Alignment of Projects and Initiatives 4. Better Management Information 5. Improved Performance Reporting 6. Better Organisational Alignment 7. Better Process Alignment . Well implemented Balanced Scorecards also help to align organisational processes such as budgeting, risk management and analytics with the strategic priorities. This will help to create a truly strategy focused organisation.