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Defining Balanced Score Card
Since the introduction in 1992, the Balanced Score Card has been widely used by many organizations for its capability of enabling the companies to better manage the strategy implementation via continuous measuring of performance against the targets. Assignment Help In Sri Lanka
Balanced Score Card has been defined by many scholars in different manners and following are some of them.
The balanced score card is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals (Balanced Score Card Institute 2016).
A balanced score card is a performance metric used in strategic management to identify and improve various internal functions of a business and their resulting external outcomes. It is used to measure and provide feedback to organizations (Investopedia 2016).
A strategic planning and management system used to align business activities to the vision statement of an organization (Business Balls 2013).
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