Line 28: | Line 28: | ||
|name=Balanced Scorecard | |name=Balanced Scorecard | ||
|level=0 | |level=0 | ||
− | | | + | |sort=0 |
|keywords=Balanced Scorecard,Metrics,Perfomance,Metrics that Matter | |keywords=Balanced Scorecard,Metrics,Perfomance,Metrics that Matter | ||
|description= | |description= | ||
}} | }} | ||
[[Category:Term]][[Category:Practice]] | [[Category:Term]][[Category:Practice]] |
The Balanced Scorecard is a Term describing the strategic planning and management Practice to monitor the implementation and execution of the strategy.
Balanced refers to implementing diversity in metrics that prevent the risk of implementing a single-perspective strategy. Generally accepted perspectives required in a Balanced Scorecard are:
These perspectives (called Performance Attributes in OpenReference) are a first generation view of the Balanced Scorecard. Each perspective is measured by one or more Metrics. For each Metric the Balanced Scorecard has a target value.
The second generation adds the Strategy Map concept. The Strategy Map enables the representation of cause and effect between objectives and outcomes.
The third generation adds a Vision Statement, definitions for strategic objectives to the second generation Balanced Scorecard:
See also: The Balanced ScorecardDiscuss Contract Custom Solution
Align Strategy Discuss Contract Custom Solution
Community Importance Rating:ID | Name | Level | x |
---|---|---|---|
BSC | Balanced Scorecard | 0 | BSC |
BSC-VS | Vision Statement | 1 | BSC-VS |
BSM | Business Strategy Map | 1 | BSM |