A balanced scorecard (BSC) is a visual tool used to measure the effectiveness of an activity against the strategic plans of a company. Balanced scorecards are often used during strategic planning to make sure the company's efforts are aligned with overall strategy and vision.
It was created to help businesses evaluate their activities with more than just a straight financial eye using revenues, costs, and profits. This diagram presents a balanced view that also takes into account other perspectives of success.
A traditional balanced scorecard examines the initiatives of a company from four different perspectives: Financial, Learning & Growth, Business Processes, and Customer. These activities are noted in the appropriate buckets with stated measures, targets, and objectives for data collection and analyzing. The activities can then be evaluated and assessed properly.
A balanced scorecard (BSC) is a visual tool used to measure the effectiveness of an activity against the strategic plans of a company. Balanced scorecards are often used during strategic planning to make sure the company's efforts are aligned with overall strategy and vision.
It was created to help businesses evaluate their activities with more than just a straight financial eye using revenues, costs, and profits. This diagram presents a balanced view that also takes into account other perspectives of success. A traditional balanced scorecard examines the initiatives of a company from four different perspectives: Financial, Learning & Growth, Business Processes, and Customer.
Course Details
- Course Duration: 4 hours
- Course Requirements: Laptop, internet, quiet environment
- Course Fees: UGX 260,000/= or USD 80 per participant
- Course Dates:
- 26th September 2024
- 31st October 2024
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