Scorecard

The balanced add-in is a strategic planning and focus system that is used extensively in business and industry, government, and not-for-profit organizations worldwide to align business activities to the vision and strategy of the organization, better internal and external communications, and monitor organization doing against strategic goals. It was originated by Drs. Robert Kaplan (Harvard Business School) and David Norton as a performance criterion framework that added strategic non-fiscal performance measures to traditional financial inflection to give managers and executives a more balanced view of organizational performance. enchantment the phrase balanced scorecard was coined in the early 1990s, the grow of the this type of approach are deep, and include the pioneering work of ordinary Electric on performance measurement reporting in the 1950s and the work of French process engineers (who created the Tableau de Bord literally, a dashboard of performance measures) in the early part of the twentieth century. The balanced scorecard has evolved from its early use as a simple performance measurement framework to a affluent strategic planning and management system.

The new balanced scorecard transforms an organizations strategic plan from an attractive exclusively passive document into the marching orders for the organization on a daily basis. It provides a framework that not save provides performance measurements, but helps planners identify what should be done and measured. It enables executives to truly bleed their strategies. This new approach to strategic management was first tiny in a series of articles and books by Drs. Kaplan and Norton. Recognizing some of the weaknesses and vagueness of earlier management approaches, the balanced scorecard approach provides a send away prescription as to what companies should measure in order to balance the financial perspective. The balanced scorecard is a management system (not only a measurement system)... If you want to get a beneficial essay, order it on our website: Orderessay

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