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Balanced Scorecard

Using the balance scorecard approach on internal business process (objectives, measures, targets, and initiatives), research and develop the measure for each specific area of the scorecard.

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In its purest form, "The balanced scorecard is a management system (not only a measurement system) that enables organizations to clarify their vision and strategy and translate them into action. It provides feedback around both the internal business processes and external outcomes in order to continuously improve strategic performance and results. When fully deployed, the balanced scorecard transforms strategic planning from an academic exercise into the nerve center of an enterprise." (Arveson, 1998)

If a particular project does not call for the strict use of the balance scorecard, so a simplified model will be employed. This model suggests that the project outcomes be ...

Solution Summary

700 Word discussion of the Balanced Scorecard and how to apply to business processes.