The Balanc Scorecard is a tool design to show Balanced Scorecard all the changes and progress of a project. It is a valuable resource when managing a company, organizing strategies and measuring the performance of a process.
Although it may seem like a new term, since the 1990s many companies have implement it to have quantitative and understandable data on management indicators.
Here we will tell you more about the Balanc Scorecard and how it can help you improve the measurement of indicators and even the overall performance of your company. But first, we invite you to take a look at the following video.
What is meant by Balanc Scorecard?
The term Balanc Scorecard (BSC) is a concept develop by Robert Kaplan and David Norton. It consists of a tool that measures and evaluates a company’s practices.
It focuses on measuring four syria email list 157261 contact leads perspectives: learning and growth, internal business processes, customers and finances, in order to help improve efficiency, financial performance and future decision making.
One of the great advantages offer by the BSC is when it transforms a system of indicators into a management system, which can be useful for mapping strategies to know which are the most important.
This tool can be a complement to
Financial indicators to offer measures such as revenue, return on capital and profits, to see which measures generate the expect conversions.
It also provides great key features of an effective mail server support when developing strategic initiatives and understanding each of the obstacles that hinder commercial performance.
This is why this table is useful at a business level, because it groups information and data into a single report without having to ca cell numbers resort to another resource. And this is beneficial, because it represents a saving in expenses, time and resources.
And this allows executives or leaders of each company to train and guide employees, so that everyone can know the priorities and main nes to meet future objectives .