Rating: 3 out of 5 stars
3/5
Ebook35 pages21 minutes
The Balanced Scorecard: Turn your data into a roadmap to success
By 50minutes
Rating: 3.5 out of 5 stars
3.5/5
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About this ebook
Turn your data into a roadmap to success!
This book is a practical and accessible guide to understanding and implementing the Balanced Scorecard, providing you with the essential information and saving time.
In 50 minutes you will be able to:
• Evaluate company performance and management efficiency
• Focus on all perspectives of the business at once
• Successfully apply the Balanced Scorecard to your business
ABOUT 50MINUTES | Management & Marketing
50MINUTES provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide both elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
This book is a practical and accessible guide to understanding and implementing the Balanced Scorecard, providing you with the essential information and saving time.
In 50 minutes you will be able to:
• Evaluate company performance and management efficiency
• Focus on all perspectives of the business at once
• Successfully apply the Balanced Scorecard to your business
ABOUT 50MINUTES | Management & Marketing
50MINUTES provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide both elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
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Reviews for The Balanced Scorecard
Rating: 3.5 out of 5 stars
3.5/5
4 ratings1 review
- Rating: 5 out of 5 stars5/5Good book to read to work on BSC and to improve team performance
Book preview
The Balanced Scorecard - 50minutes
Key information
Name: the Balanced Scorecard (BSC).
Uses: the Balanced Scorecard links an organisation’s long term objectives to its daily activities. It is a tool for strategic thinking that can be adapted to suit the organisation’s overall approach.
Why is it successful? The Balanced Scorecard gives managers, employees and shareholders a comprehensive view of the company, based on financial and non-financial aspects. The Balanced Scorecard clarifies the short and long term objectives and the strategies of the company. It also ensures consistency between daily activities and the overall vision of the company.
Key words:
Indicator: qualitative or quantitative information that accounts for the variation of a variable (economic, financial, etc.) for a given time.
A means indicator calculates the resources that have been or will be necessary to achieve an objective.
A performance indicator measures the performance of the company.
Performance: the company’s ability to meet its objectives using appropriate resources at lower costs.
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