Friday, February 1, 2008
The balanced scorecard
The Balanced score card is a concept that measure an organization's ability to reach its objectives while sticking to its vision and strategies. The balanced score card measures the ability of the organization to meet these objectives while focusing on the human resources and not only on technological or production department. See also: Private Equity and Leveraged Buyouts and in French: Formation finance
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Balanced scorecard is useful for improving company productivity. It is also useful for making sure that everybody in the company are conscious of the overall goals and strategies of the company. I just read this article which provides a good explanation on the topic:http://www.coursework4you.co.uk/balanced_scorecard.htm.
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