Balanced Scorecard 101

Topics:
Strategic Management Tools
Tags:
Balanced Scorecard,
Human Resources,
Marketing,
Marketing Research,
Performance,
Performance Management,
Performance Measurement,
Texas Education Agency,
Workforce Management
Source:
Texas Education Agency

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Overview: The Balanced Scorecard (BSC) is a performance measurement tool that originated in the business world. Performance measurement is a way to track performance over time to assess if goals are being met. Traditionally, companies measured their performance by looking only at how they were doing financially. Today over half of Fortune 1,000 companies are using the Balanced Scorecard, which has become the hallmark of a well-run organization. A Balanced Scorecard is made up of four components: mission, perspectives, objectives, and measures. Each of these components and how they build on each other has been discussed in detail. Thus, the BSC is a multidimensional tool. This multidimensional nature translates to numerous benefits and value on many levels for an organization. Theses many benefits of developing and using a Balanced Scorecard are described, along with examples relevant to Special Education in Texas.

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Format: PDF | Size: 31KB | Date: Jan 2003 | Pages: 5

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