Question

Do some research and find a balanced scorecard for a company or make up a scorecard for a company of your choice. List the factors that the company has established for each of the 4 scorecard categories. Provide me with the url of the site you used. If you make a scorecard up, you still need to provide the url that you used to compile your scorecard.

Answer 1

The development process of the Balanced Scorecard in a company involves several steps, which have been summarized here:

1. Establish a clear vision of the future
2. Define the strategic objectives
3. Determine the critical success factors
4. Choose indicators to measure and monitor performance
5. Set goals, action plans, and initiatives

All 5 steps for each of the 4 perspectives.

These points, are only some aspects of how to set goals and choose indicators. What we would like to present now are 3 examples of strategic maps that are generated during the development of Balanced Scorecard projects, which summarize all of the work for the organization, including objectives, targets, indicators, and also the actions and initiatives that should be implemented

Balance scorecard:

listing the factors that the company has established for each of the 4 scorecard categories. The balanced scorecard involves measuring four main aspects of a business:

*learning and growth

*business processes

*customers

*finance.