Balanced Scorecard (BSC) is designed to help assess the company’s strategy at all levels. BSC forms a framework for achieving agreement about the company’s most relevant quantifiable goals to measure performance and improve. Strategy management at its best.
Without a balanced set of indicators, performance improvements in one area may come at the expense of performance in other areas or short-term improvements may degrade long term value. BSC forms a framework for achieving agreement about strategy within the organization, communicating it to employees and assessing its validity and usefulness.
Helps resolve the number one issue of executives today: strategy execution.
Aligns everyone in the organization around the Mission and Vision thanks to its framework.
Allows organizations to better adapt to changes in the competitive landscape.
Provides for quantifiable metrics that show the health of an organization.
Helps drive transparency for all stakeholders to appreciate and understand the organization’s strategy.
Links projects to goals, goals to measures, and measures to strategy.
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