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Balanced Scorecard (BSC) Orientation for the Office of Research Services Balanced Scorecard for Government, Inc. Deborah Whitaker and Patrick Patterson March 2003 Ver1For more information on Performance
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How to fill out a balanced scorecard (BSC):

01
Start by identifying the strategic objectives: Determine the key goals and objectives of your organization. These objectives should align with your mission and vision.
02
Select performance measures: Choose a set of measures that align with the strategic objectives. These measures can include financial, customer, internal process, and learning and growth perspectives.
03
Set targets: Establish specific targets or benchmarks for each performance measure. These targets should be challenging yet attainable.
04
Develop initiatives: Identify and implement initiatives or actions that will help achieve the targets set for each performance measure. These initiatives can involve changes in processes, technology, or employee training.
05
Review and communicate: Regularly review the progress of the initiatives and update the performance measures accordingly. Communicate the balanced scorecard to all relevant stakeholders to ensure everyone is aligned with the organization's strategic objectives.

Who needs a balanced scorecard (BSC):

01
Organizations of all sizes: Balanced scorecards can be utilized by both large corporations and small businesses. It helps ensure that everyone in the organization is working towards the same strategic objectives.
02
Executives and managers: Balanced scorecards provide executives and managers with a comprehensive view of the organization's performance. It helps them make informed decisions and allocate resources effectively.
03
Employees at all levels: Balanced scorecards help employees understand how their individual roles contribute to the overall success of the organization. It provides clarity on expectations and motivates employees to align their efforts with the strategic objectives.
In conclusion, filling out a balanced scorecard involves identifying strategic objectives, selecting performance measures, setting targets, developing initiatives, and regularly reviewing and communicating progress. It is a tool that can be useful for organizations of all sizes, executives and managers, as well as employees at all levels.
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