Define Balanced Scorecard and describe the pros and cons of this methodology.© BrainMass Inc. brainmass.com July 20, 2018, 8:31 am ad1c9bdddf
It is a performance management tool that conducts an analysis of success of the organization via review of financial, customer, business processes, employee learning and growth perspectives. The balanced scorecard system aims at aligning the goals and objectives of the individual employees and departments with those of the broader strategic objectives of the organization and comprises of both leading and lagging measures. It is a structured system that is based on a combination of both financial as well as non financial measures of business performance.
It provides a "balanced" overview of the performance of the organization by combining the financial ...
Define Balanced Scorecard and describe the pros and cons of this methodology.