Scorecard Performance Measurement

Business information systems 1
Business information system
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Business information systems 2
Business information system
Balanced scorecard
A business scorecard is used by most of the managers in measuring the performance of the
business both financially, internal process, customers, and organizational capacity. It is the
presentation of business performance over time towards a specific goal in order to track the
execution of activities by the staff within the organization (Tan, Zhang and Khodaverdi, 2017,
pg. 450).
The business information selected for measurement by the scorecard application is the
management information system, which comprises various internal processes, customers, human
resources, finance, and the organizational capacity. The above management information system
elements are considered vital in every profit-making organization since they form part of the
crucial operational department of the organization (Dinçer, Hacıoğlu and Yüksel, 2017, pg. 30).
For instance, the finance and customer information will give the value of the organization if this
profitable or not to the stakeholders.
Strategic values
The strategic value which has been created by the scorecard solution in measuring and
evaluating the performance of the management information system is by identifying the value of
the management systems. Thus finance, customers, and internal process hence give the managers
the best solution to handle such information related to the identified system. The strategic value
which is likely to be created by the scorecard in managing financial information is by
implementing innovation and modern technology in order to minimize the operational cost of the
organization (Vesty and Brooks, 2017, pg. 110).