Scorecard

The balanced scorecard is a management system that aims to translate the strategic objectives of the organization into a set of performance objectives which, in turn, are measured, monitored and changed if necessary to ensure that the strategic objectives of the organization are met. The main premise of the balanced scorecard approach is that the financial accounting metrics that companies have traditionally followed to monitor their strategic goals are not enough to keep the company on track. Financial results describe what has happened in the past, not where the business is or should be. Want to know more about the balanced … Read more