Balanced Scorecard Methodology
The BSC is a structured approach to performance measurement and performance management that links the organization’s strategic thinking to the activities necessary to achieve desired results The BSC is a vehicle for communicating an organization’s strategic direction and for measuring achievements towards these predetermined objectives
The BSC clearly establishes linkage between strategic objectives, the measures for determining progress, the stretch targets established, and the focused initiatives needed to move the organization forward to meet those organizational goals
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