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Balanced Scorecard
 
What is it ?
The Balanced Scorecard is a management tool that provides stakeholders with a comprehensive measure of how the organization is progressing towards the achievement of its strategic goals.
Why we need it ?
  • To achieve strategic objectives.
  •  To provide quality with fewer resources.
  •  To eliminate non-value added efforts.
  •  To align customer priorities and expectations with the customer.
  •  To track progress.
  •  To evaluate process changes.
  •  To continually improve.
  •  To increase accountability.
The Balanced Scorecard, when focused on driving strategy, is the recipe for success, bringing together varying departments, all working to accomplish an overall mission.  The Balanced scorecard will take your vision and translate that into terms and goals for all levels of the organization.

A Clareta lab justifies the focus areas, they are:-

  1. Align the organization to the strategy.
  2. Make strategy everyone’s job.
  3. Mobilize change through executive leadership.
  4. Translate the strategy to operational terms.
  5. Make strategy a continual process.
 
 
Balanced-Scorecard
 
 
 
 
 
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