Reviewing a basic balanced scorecard definition will help you understand this important business concept you are likely to run across as you move up the corporate ladder. The balanced scorecard ...

The balanced scorecard builds on other management ideas, such as total quality management (TQM), process, and business process re-engineering to provide a valuable strategic tool. The key ...

The balanced scorecard (BSC) can be an effective way to organize and manage an organization's business activities, by ensuring balance across major areas of focus. But while many organizations ...

The balanced scorecard concept grew out of research done at KPMG in the early 1990s. Beginning in 1992 it was introduced in an influential series of articles in the Harvard Business Review by Harvard ...

The Balanced Scorecard (BSC) grades a company's performance from the perspective of customer satisfaction, operational excellence, and business innovation as well as financial success. The ...

Kaplan, Robert S., and David Norton. "Why Does Business Need a Balanced Scorecard? Part I." Journal of Strategic Performance Measurement (February/March 1997): 5–11.

As the business landscape continues to evolve, the balanced scorecard remains a relevant and powerful tool for strategic management and performance measurement.

It can encompass the performance of entire companies or business units, not just individual investments or projects. Balanced scorecard is future-oriented, not a rearview mirror on performance.

This method of viewing balanced scorecard metrics allows leaders to quickly identify problems and view key performance indicators associated with business processes. Corporate culture changes ...

Kaplan, Robert S., and David Norton. "Why Does Business Need a Balanced Scorecard? Part II." Journal of Strategic Performance Measurement 1, no. 3 (June/July 1997): 5–10.

As a value indicator, the Balanced Scorecard method links business strategy with financial performance. In this case, the traditional metric of financial performance is balanced by three more ...