The balanced scorecard is a strategic planning and management system that is used extensively to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals. Balanced scorecard measures performance of revenues, earnings, market share, quality, employee morale, organizational learning, customer satisfaction, etc.
Source: Balanced Scorecard collaborative report
The advantages of a Balanced Scorecard for the enterprise are numerous. An effective Balanced Scorecard:
Business Beam’s Balanced Scorecard consultants and coaches provide strategic, tactical and operational guidance to leaders, managers and teams. We ensure that organizational strategy is effectively translated into executable plans based on functional and teams KPIs. We also focus on developing reports and dashboards for informed decision making.
Salient features of our approach are as follows: