Balanced Scorecard (BSC)
- Topics:
- Strategic Management Tools
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Overview: Balanced Scorecard (BSC) is a tool that translates an organization’s mission and strategy into a comprehensive set of performance measures. These measures provide the framework for a strategic measurement and management system. Use of BSC gives clear-cut and precise signals for continuos improvement and innovation. It aligns the organization to new and evolving strategies and enables the organization to keep pace with any change in its environment. The paper discusses the relevance of BSC in the organization and examines the steps to build up a BSC. It also looks at a successful BSC implementation case.
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Format: HTML | Size: 271KB | Date: Jan 2003 | Pages: 30





