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  • Balance Score Card in Simple Words Is: Frame Work

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    Praveen Ashtekar
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    The Balance Scorecard is a framework that translates an organization's vision and strategy into a set of performance measures across four perspectives: financial, customer, internal business processes, and learning and growth. It links strategic objectives and measures, strategic initiatives, target setting, and communication so an organization can monitor its performance and implement its strategy. The Balance Scorecard provides a dashboard view of an organization's strategy that links strategic objectives to day-to-day operations.

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    The Balance Scorecard is a framework that translates an organization's vision and strategy into a set of performance measures across four perspectives: financial, customer, internal business processes, and learning and growth. It links strategic objectives and measures, strategic initiatives, target setting, and communication so an organization can monitor its performance and implement its strategy. The Balance Scorecard provides a dashboard view of an organization's strategy that links strategic objectives to day-to-day operations.

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    3 views7 pages

    Balance Score Card in Simple Words Is: Frame Work

    Uploaded by

    Praveen Ashtekar
    The Balance Scorecard is a framework that translates an organization's vision and strategy into a set of performance measures across four perspectives: financial, customer, internal business processes, and learning and growth. It links strategic objectives and measures, strategic initiatives, target setting, and communication so an organization can monitor its performance and implement its strategy. The Balance Scorecard provides a dashboard view of an organization's strategy that links strategic objectives to day-to-day operations.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 7

    Balance Score card in simple words is

    Frame Work Communication system

    Measurement system

    Process
    Why Score Card??
    • Objective
    What the strategy is trying to achieve .

    • Measures
    How success or failure(performance) against objective is monitered.

    • Targets
    The level of performance or rate of improvement needed

    • Initiative
    Key action plans required to achieve targets
    BSC Links Vision & Strategy To Employee Every day Action Plan

    Mission –
    Why We
    Exist Strategic
    Strategy Outcomes
    Map :
    Translate the Satisfied
    Vision – Strategy Shareholders
    What We Strategy :
    Delighted
    Want to Be Our Game
    Customers
    Plan
    Excellent
    Balanced Processes
    Values – Scorecard :
    What’s Measure and Motivated
    Important to Focus Workforce
    Us
    BSC is DASHBOARD view of your organizations Strategy

    Customers Financial

    People Bs Process

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