Balance ScoreCard (BSC) Assignment - Desklib

6 Pages819 Words241 Views

Added on 2020-05-28

Balance ScoreCard (BSC) Assignment - Desklib

Added on 2020-05-28

BookmarkRelated Documents

Running head: BALANCE SCORE CARD Balance Score CardName of the StudentName of the UniversityAuthor Note

Balance ScoreCard (BSC) Assignment - Desklib_1

1BALANCE SCORE CARD Table of ContentsIntroduction......................................................................................................................................2Evaluation of BSC as a measure of company’s performances........................................................2BSC in Non-profit/Public organizations..........................................................................................3References........................................................................................................................................5

Balance ScoreCard (BSC) Assignment - Desklib_2

2BALANCE SCORE CARD Introduction The 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 performances For 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.

Balance ScoreCard (BSC) Assignment - Desklib_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Advanced Management Accounting Assignment - Doc

|17

|5138

|148

Comparative Study of Balanced Score Card vs COBIT 5

|10

|1933

|279

Developing a Balance Scorecard

|16

|1511

|150

Managing Business Performance : Tools and Techniques

|13

|4008

|94

Critical Analysis of Balance Scorecard in Tesco

|12

|2639

|85

Balanced Score Card and Quality Dimensions for Toyota

|22

|5692

|105

Balance ScoreCard (BSC) Assignment - Desklib