What is Balanced Scorecard in Strategic Management? PDF Book

Learn Balanced Scorecard definition in strategic management with explanation to study “What is Balanced Scorecard”. Study balanced scorecard explanation with strategic management terms to review strategic management course for online MBA programs.

Balanced Scorecard Definition

  • A performance measurement tool that looks at more than just the financial perspective.

    Management by Stephen P. Robbins, Mary A. Coulter



Balanced Scorecard Explanation

A fair scorecard is an exhibition metric utilized in vital administration to recognize and improve different inward elements of a business and their subsequent outer results. It is utilized to quantify and give criticism to associations. Information accumulation is essential to giving quantitative outcomes, as the data assembled is translated by supervisors and administrators, and used to settle on better choices for the association. The reasonable scorecard is utilized to strengthen great conduct in an association by disengaging four separate zones that should be broke down. These four zones, additionally called legs, include learning and development, business procedures, clients, and money. The decent scorecard is utilized to accomplish destinations, estimations, activities, and objectives that outcome from these four essential elements of a business. Organizations can without much of a stretch recognize variables preventing business execution and layout vital changes followed by future scorecards.

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