A Balanced Scorecard is a system that provides insight into the achievement of a number of quantitative and qualitative goals by means of a group of related financial and non-financial indicators. These goals are based on the critical success factors for realizing the established strategy.
How do you use a Balanced Scorecard?
Business economics techniques such as interviews, Activity based costing and market research determine the performance engines that cause the business results. These are divided into four focus areas (called perspectives), but they continue to form a coherent whole of causes and effects:
- Financial perspective: how attractive should we be to our investors ?
- Customer perspective: how attractive should we be to our customers ?
- Internal processes perspective: where do we need to excel to satisfy financiers and customers ?
- Learning and growth perspective: how do we remain able to realize our strategy ?
For each performance engine and each result measurement, a qualitative objective, a measurement and a target figure are included in the Balanced Scorecard. The initiatives to realize these are also mentioned. See the diagram a little further on for this.
After downloading this template and filling in the blanks, you can easily customize the style, typography, details, and appearance of your balanced scorecard template. If this isn't the right document you are looking for, then certainly take a look at the other letters that Bizzlibrary.com offers. We have many job descriptions for several positions, as well as resumes, career objectives, etc.
Is the content above helpfull?
Thanks for letting us know!
The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained this site constitutes a solicitation, recommendation, endorsement, or offer by Bizzlibrary or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
Chuck Floyd - USA
Thank you for this!!
Very good to make kpis and to present your goals in front of the board
Lashanda Lozano - USA
Thank you for the Doc!!
Delivery Instant Download
Your file will be available for download once payment is confirmed. Here's how.
Our Latest Blog
- How to Create Halloween Party Invitations? 2022
- Is it Good to Write a Cover Letter?
- Rejection Letters - How to Communicate with Unsuccessful Applicants?
- How To Write An Employee Termination Letter?
We are standing by to assist you. Please keep in mind we are not licensed attorneys and cannot address any legal related questions.