Balanced Scorecard is a performance management tool used by businesses to monitor/measure performance and develop strategies to work towards the company’s mission and vision. The four parts of a Balanced Scorecard – mission, perspectives, objectives and measures, work in tandem to provide a balanced measurement of the Key Performance Indicators of a company.
Measure and make crucial decisions by using a balanced scorecard. Looking for pointers to get started? Read on to view and learn through some interesting images recreated from 24point0’s Balanced Scorecard PowerPoint Template. The slides of this template are completely editable and can be easily customized to fit right into your corporate template.
- This MSDN article on evaluation of distributed-computing models emphasizes and identifies Balanced Scorecard as an effective tool to measure the strength of business or technical strategies.
- Here is another insightful case study on how the Balanced Scorecard was used at the University of California to help their executive team to align their goals to with the University’s vision and mission.
- The Balanced Scorecard explains the characteristics of a good performance measurement in a hospital. This describes a system that not only tracks financial results but also helps monitor key performance indicators and critical success factors.