Balanced Score

Card (BSC)
Presented
by:
Gagan V Patil
16bsp3459

What is BSC?
The Balanced Score Card (BSC) is astrategic
planning and management systemthat 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.
Source: http://balancedscorecard.org/Resources/About-the-Balanced-Scorecard

History and Concept

It was originated in 1992 and
published by Dr. Robert
Kaplan and Dr. David Norton
in the articles of Harvard
Business Research, followed
by a book in 1996.
It
is
a
performance
measurementframework that
added strategic non-financial
performance measures to
traditional financial metrics to
give
managers
and
executives a more 'balanced'

Source: http://balancedscorecard.org/Resources/About-the-Balanced-Score

The 4 Perspectives!
The Balanced Scorecard
model suggest that we
view the organization
from 4 perspectives
Then develop metrics,
collect data and analyze
it relative to each of
these
perspectives
through:

Objectives
Measures
Targets
Initiatives

Advantages and Disadvantages

of BSC
Advantages

Disadvantages

1. Complete
picture
of
a
company: 1. The
balanced
scorecard
takes
complete picture of a company can be
forethought. It is not a tool you can just
easily captured using the 4 perspectives.
think up one night to solve a problem.
Thus takes times and more cost.
2. Enhances decision making: Managerial 2. While the balanced scorecard gives you
decisions are easily reached using the
an overall view of the four areas for
measured output of events and activities
concern
in
business
growth
and
from BSC.
development, these four areas do not
paint the whole picture. The financial
information included on the scorecard is
limited.
3. Competitive advantage: a carefully 3. BSC can be complex to prepare. Many
developed BSC is a competitive tool that
companies use metrics that are not
companies can use to edge ahead of its
applicable to their own situation.
Source: http://www.accountantnextdoor.com/balanced-scorecard-meaning-explanation-advantages-and-disadvantages-of-bsc/
competitors.

Thats it!!! Im
Done!!!
Thank you!!!