It is important to know that the balanced scorecard technique is a strategic management technique that aims to measure an organization's performance beyond purely considering the financial metrics. The four dimensions it measures are as follows:
- Learning and growth: This dimension captures measures relating to employee training and learning, corporate culture, and/or product innovations.
- Business process: This dimension is interested in metrics that show how well the organization's products meet the customers' needs.
- Customer: This dimension captures metrics relating to customer satisfaction, focus, and the delivery of value from their perspective.
- Financial: This dimension represents key financial ...