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This presentation is an introduction of the balanced scorecard concepts and its application in corporate performance measurement. It has been used by a major consulting firm in conducting education sessions for its clients in a balanced scorecard project.
The contents include: BSC concept, BSC process, what makes a good objective and measure, example objectives and measures, example BSCs (Telco, Chemco, Manufco, OilCo, AluminumCo), lessons learned.
The BSC's focus is on factors which create long-term economic value in an organisation, for example:
+ Customer focus.
+ Organisational learning.
+ Business processes.
Traditional accounting measures are by definition backward looking:
+ Financial measures only reflect the results of actions already taken.
+ Do not provide an indication of future financial performance.
+ Do not indicate desired performance.
+ Do not provide a basis for planning and target setting.
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Source: Best Practices in Balanced Scorecard PowerPoint Slides: Introduction to Balanced Scorecard PowerPoint (PPT) Presentation, Documents & Files
AUTHOR: DOCUMENTS & FILES
Documents & Files has published 130 additional documents on Flevy.
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