Developing a Balance Scorecard

DEVELOPING A
BALANCE SCORECARD
Name of the Student –
Name of the University –

Introduction
• It is essential for every
business manager to assess
the financial feasibility of a
business
• Commencement of a satellite
clinic business should be
accompanied by strategizing
managerial initiatives
towards successful leadership
• Measurement of the financial
viability and determining that
whether a business will
sustain in the long run or not
depends on various financial
and non-financial metrics

Balance Score Card & Strategic Mapping
• The aspect of balance score
card is an overall performance
management indicator that
focuses upon various financial
and non-financial parametric
factors in order to monitor the
progress of any strategic
endeavour towards the
organizational goals
• Whether the strategies
implemented are able to create
sound impact upon the
business is successfully
measured with the help of
balance scorecard irrespective
of its limitations

DEVELOPMENT OF BALANCE SCORE CARD
• It is able to implement
strategies as well as the
monitoring of the
implemented activities to
ensure that the strategic
initiatives are executed up to
the mark or not
• The process provides a
combined assessment of
implemented strategic
endeavour as well as the day –
to – day operations
• BSC automation and
performance analysis is
required