The Balanced Scorecard Concept In The Modern Business Setting

The balanced scorecard concept is one of the most popular strategic planning and management systems these days. And there are good reasons for its popularity. Not only does it seek a balanced between and among the different facets of the business, it is also a good reminder for business owners and executives to not overlook certain parts of the business operations. But what does this concept really mean? And where did it start? Its roots can be traced back to the early part of the mid-20th century although the most intensive study on it did not come into play … Read more at Free Business Cards

A Closer Look Into The Balanced Scorecard Concept

It is quite important for organizations to turn their strategic goals and objectives into reality. And over the years, they have devised many different ways on how they can get the organization closer to its goal. We have seen organizations succeed and fail at reaching their objectives and perhaps, many have us have this bigger question: what makes an organization succeed in its efforts? What are the indicators of a successful organization? Business experts refer to the answer as a balanced scorecard. And more than just being a descriptive term for success, this word is a tool used in strategic … Read more at Free Business Cards