BUY WITH CONFIDENCE
DESCRIPTION
The Balanced Scorecard (BSC), developed by Robert Kaplan and David Norton, is a Strategic Performance Management System. It is a semi-standard structured report, supported by proven design methods and automation tools, that can be used by managers to keep track of the execution of activities by the staff within their control and to monitor the consequences arising from these actions.
Whereas conventional Performance Management focus on financial metrics, the BSC is "balanced," in that it takes into consideration non-financial metrics as well. Specifically, the Balanced Scorecard approach takes into account 4 areas of measurement:
1. Financial Measures
2. Customer Relationships
3. Internal Business Processes
4. Learning and Growth
The Balanced Scorecard also relies on 4 key management processes to connect short-term activities to long-term objectives:
1. Translating the Vision
2. Business Planning
3. Communicating and Linking
4. Feedback and Learning
The BSC approach to Strategic Management is a continuous, iterative process.
The slide deck also includes some slide templates for you to use in your own business presentations.
Got a question about the product? Email us at flevypro@flevy.com. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Performance Management, Balanced Scorecard, Strategy Map, Strategic Management PowerPoint Slides: Strategy Classics: Balanced Scorecard (BSC) PowerPoint (PPTX) Presentation, LearnPPT Consulting
Did you need more documents?
Consider a FlevyPro subscription from $39/month. View plans here.
For $14.00 more, you can download this document plus 2 more FlevyPro documents. That's just $13 each.
OVERVIEW
We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
We have served 100s of clients that range from Fortune 500 companies to tech startups to $1B+ private companies.
[read more]
ABOUT FLEVYPRO
FlevyPro is a subscription service for on-demand business frameworks and analysis tools. FlevyPro subscribers receive access to an exclusive library of curated business documents—business framework primers, presentation templates, Lean Six Sigma tools, and more—among other exclusive benefits.
Click here to learn more about FlevyPro and its benefits.
This document is available as part of the following discounted bundle(s):
Save %!
Classic Strategy Development & Management Frameworks
This bundle contains 6 total documents. See the additional documents to the right.
Balanced Scorecard Change Management Core Competencies Strategy Deployment & Execution Organizational Silos Performance Management KPI M&A (Mergers & Acquisitions) Target Operating Model Team Management Organizational Design Consulting Proposals Mobile Strategy Cyber Security Customer Experience Business Transformation Digital Transformation Strategic Planning Strategy Development Mining Industry
Download our FREE Strategy & Transformation Framework Templates
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S, Balanced Scorecard, Disruptive Innovation, BCG Curve, and many more. |