January 2015
Beginner
344 pages
7h 36m
English

The balanced scorecard (BSC) was developed by Kaplan and Norton in 1992 as an alternative to traditional performance measurement approaches that focus solely on financial indicators, and are based purely on a company’s past performance. The BSC is a top-down method for defining an organisation’s goals and objectives (Figure 17.1). It comprises four different perspectives in which progress is monitored. For each perspective, relevant key performance indicators are identified, based on the organisation’s mission and vision. These help to clarify the organisation’s long-term vision. In this way, an organisation ...
Read now
Unlock full access