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APPROACH
BY
SUMAYYA QUADRI
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WHAT IS BALANCED SCORECARD?
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BALANCED SCORECARD Concept
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Why use a Balance Scorecard?
The Balanced
Scorecard model
suggest that we
view the
organization from
4 perspective
Then Develop
metrics, collect
data and analyze it
relative to each of
these perspectives
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4 Business Perspective Question
Financial
What must we do to create sustainable economic value?
Customer
What do our Customer require from s and how are we doing according to those
requirements
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Balanced Scorecard Strategy Map
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Key Implementation Success Factors
Monitored Progress
while the balanced scorecard gives you an overall view of the four areas for
concern in business growth and development, these four areas do not paint
the whole picture. The financial information included on the scorecard is
limited. Instead, to be successfully implemented, the balanced scorecard
must be part of a bigger strategy for company growth
many companies use metrics that are not applicable to their own situation. It
is vitally important when using balanced scorecards to make the information
being tracked applicable to your needs. Otherwise, the metrics will be
meaningless.
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Thank You for your time
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