Balance ScoreCard (BSC) Assignment

Added on - 28 May 2020

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Running head: BALANCE SCORE CARDBalance Score CardName of the StudentName of the UniversityAuthor Note
1BALANCE SCORE CARDTable of ContentsIntroduction......................................................................................................................................2Evaluation of BSC as a measure of company’s performances........................................................2BSC in Non-profit/Public organizations..........................................................................................3References........................................................................................................................................5
2BALANCE SCORE CARDIntroductionThe Balance Score Card is one of the most widely used performance metric which areused in different commercial institutions, which is used as an inclusive tool in the managementframework of the companies. The main purpose of the usage of balance scorecard is to assess theoverall performance of the concerned company and to identify the areas where improvementsand modifications can be done based on the relevant data collected and analyzed with the help ofthe tool. This is done by dividing the operational framework of the company in four separateparts or legs under the balance score card, which are namely, the processes of business,customers, growth and learning and finance (Kaplan 2012).Evaluation of BSC as a measure of company’s performancesFor any organization to maintain a stable growth and prosper sustainably it is of crucialimportance to have track of its activities. The company thus needs a measure of its overallperformances and the areas where it needs to emphasize and modify. The BSC, in this aspect, isone of the integrating measures of the overall performance of the company, which measures theperformances of the concerned organization, not only in terms of financial prosperity andefficiency but also on an overall term, including the perspectives of the consumers, internalbusiness operations (Madsen and Stenheim 2014). It also emphasizes on the aspects, which canbe improved by the same for creation of greater value in future. It also helps in assessing theperformances of the individual employees and their contribution to the profitability of theorganization as a whole.
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