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ISSN : 2347 9671, p ISSN : 2349 0187www.eprawisdom.common 4,Issue 11, November 2016EPRA International Journal of Economic and Business Review Into Space (STIF) Impact Factor(2016) : 6.484ISI Impact
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How to fill out application of balanced scorecard
How to fill out application of balanced scorecard
01
Start by understanding the purpose of the balanced scorecard and its key components.
02
Identify the strategic objectives of your organization that you want to measure and track using the balanced scorecard.
03
Define the performance indicators and targets for each strategic objective.
04
Determine the data sources and collection methods for obtaining the necessary information for the scorecard.
05
Design the scorecard template or use a pre-existing template that aligns with your organizational needs.
06
Fill out the application by entering the strategic objectives, performance indicators, targets, and relevant data for each category.
07
Regularly update and review the scorecard to ensure accurate and up-to-date information.
08
Use the balanced scorecard to monitor the performance of your organization and make informed decisions based on the data provided.
Who needs application of balanced scorecard?
01
Organizations that want to align their business strategies with their performance measurement.
02
Managers and executives who need a comprehensive framework for tracking and evaluating organizational performance.
03
Companies undergoing strategic planning and performance improvement initiatives.
04
Businesses that want to ensure their various departments and teams are working towards the same strategic goals.
05
Organizations that want to communicate their performance objectives and progress to stakeholders, such as investors, employees, and customers.
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