Understanding the basics as a part of business intelligence ….is this a good tool for you? Management and planning. Important for small business.
“The balanced scorecard is a methodological tool meant to help businesses manage their future growth, objectives and plans. The purpose of the balanced scorecard is to give a measuring tape by which someone can determine whether the set goals have been met or exceeded. It adds non-financial metrics to traditional financial metrics to give a well-rounded view of the performance in an organization. Balanced scorecards can be as simple or complex as needed for the purposes of a company’s metrics. There are four components to the balanced scorecard”: