Professional Documents
Culture Documents
The Balanced Scorecard is a business framework used for tracking and managing an
organization’s strategy. It provides both financial and nonfinancial information. BSC measures
for the performance of financial and nonfinancial factor as well. It also provides executives with
a comprehensive framework that can translate a company's vision and strategy into a coherent
and linked set of performance measures. Additionally, it helps managers focused on a handful of
measures that are critical for the firm’s success and serves as a way to clarify, simply, and then
operationalize the mission and vision of the organization.