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Using Balanced Scorecard for Subcontractor Performance Appraisal S. Thomas NG, Hong Kong, China Keywords: Subcontractor performance, performance appraisal, balanced scorecardSUMMARY Several influential

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What is using balanced scorecard for?

The balanced scorecard is a strategic planning and management tool that is used to align business activities to the vision and strategy of an organization. It helps in measuring and monitoring performance across various perspectives to ensure the achievement of strategic goals.

Who is required to file using balanced scorecard for?

The use of a balanced scorecard is not specifically required by any regulatory or governing body. However, organizations of all sizes and industries can benefit from implementing a balanced scorecard to improve performance measurement and strategic planning.

How to fill out using balanced scorecard for?

Filling out a balanced scorecard involves identifying and defining the key performance indicators (KPIs) and goals for each perspective of the scorecard (e.g., financial, customer, internal processes, learning and growth). These KPIs and goals are then measured and reported on periodically to track progress and inform decision-making.

What is the purpose of using balanced scorecard for?

The purpose of using a balanced scorecard is to provide a comprehensive view of an organization's performance by considering multiple perspectives, such as financial, customer, internal processes, and learning and growth. It helps in aligning activities and measuring progress towards strategic objectives.

What information must be reported on using balanced scorecard for?

The specific information that must be reported on using a balanced scorecard depends on the organization and its strategic goals. Typically, the scorecard includes key performance indicators (KPIs) and targets for each perspective, as well as actual performance results and analysis.

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