Rating: 0 out of 5 stars
0 ratings
Ebook35 pages21 minutes
The Balanced Scorecard: Turn your data into a roadmap to success
By 50minutes
Rating: 3.5 out of 5 stars
3.5/5
()
About this ebook
Turn your data into a roadmap to success!
This book is a practical and accessible guide to understanding and implementing the Balanced Scorecard, providing you with the essential information and saving time.
In 50 minutes you will be able to:
• Evaluate company performance and management efficiency
• Focus on all perspectives of the business at once
• Successfully apply the Balanced Scorecard to your business
ABOUT 50MINUTES | Management & Marketing
50MINUTES provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide both elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
This book is a practical and accessible guide to understanding and implementing the Balanced Scorecard, providing you with the essential information and saving time.
In 50 minutes you will be able to:
• Evaluate company performance and management efficiency
• Focus on all perspectives of the business at once
• Successfully apply the Balanced Scorecard to your business
ABOUT 50MINUTES | Management & Marketing
50MINUTES provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide both elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
Read more from 50minutes
The Six-Day War: The Conflict that Re-Shaped the Middle East Albert Camus: Existentialism, the Absurd and rebellion Rating: 5 out of 5 stars5/5Transactional Analysis: A valuable tool for understanding yourself and others Rating: 3 out of 5 stars3/5Yoga for Beginners: Simple techniques to boost your wellbeing Rating: 0 out of 5 stars0 ratingsThe Eruption of Vesuvius: The Deadly Disaster of Pompeii Rating: 5 out of 5 stars5/5The United Nations: The Organisation at the Heart of International Diplomacy Rating: 5 out of 5 stars5/5Opus Dei: The Secrets and Scandals of an Influential Organisation Rating: 0 out of 5 stars0 ratingsWinston Churchill: Britain’s Legendary Wartime Leader Rating: 0 out of 5 stars0 ratingsThe Battle of Verdun: The Horror of Trench Warfare Rating: 0 out of 5 stars0 ratingsTito: The Marshal of Yugoslavia Rating: 4 out of 5 stars4/5The Chernobyl Disaster: The Nuclear Catastrophe and its Devastating Effects Rating: 0 out of 5 stars0 ratingsThe Battle of Tours: The Turning Point in the Struggle Against Islam Rating: 0 out of 5 stars0 ratingsHenry Ford: Mass Production and the Model T Rating: 0 out of 5 stars0 ratingsMindfulness: The secrets to inner peace and harmony Rating: 0 out of 5 stars0 ratingsThe Battle of Thermopylae: The Heroic Fall of Leonidas I and the 300 Spartans Rating: 5 out of 5 stars5/5Georges Lemaître: The Big Bang Theory and the Origins of Our Universe Rating: 5 out of 5 stars5/5Magellan: The First Circumnavigation of the Globe Rating: 0 out of 5 stars0 ratingsLeif Eriksson: His Forgotten Discovery of America Rating: 0 out of 5 stars0 ratingsNeil Armstrong: The Success of Apollo 11 and the First Man on the Moon Rating: 0 out of 5 stars0 ratingsAlbert Einstein: The Genius who Changed the Face of Physics Rating: 1 out of 5 stars1/5The Watergate Scandal: The conspiracy that brought down Nixon Rating: 0 out of 5 stars0 ratingsAmerigo Vespucci: The Man Who Gave America Its Name Rating: 0 out of 5 stars0 ratingsJames Monroe: The Era of Good Feelings Rating: 4 out of 5 stars4/5Isaac Newton: A Giant of Modern Science Rating: 0 out of 5 stars0 ratingsCopernicus: The Discovery of the Heliocentric Revolution Rating: 0 out of 5 stars0 ratings
Related to The Balanced Scorecard
Titles in the series (28)
The Theory of Comparative Advantage: Why specialisation is the key to success Rating: 0 out of 5 stars0 ratingsPorter's Five Forces: Understand competitive forces and stay ahead of the competition Rating: 4 out of 5 stars4/5The Competitive Power of the Product Lifecycle: Revolutionise the way you sell your products Rating: 0 out of 5 stars0 ratingsThe Marketing Mix: Master the 4 Ps of marketing Rating: 5 out of 5 stars5/5Ishikawa Diagram: Anticipate and solve problems within your business Rating: 5 out of 5 stars5/5The Greiner Growth Model: Anticipate crises and adapt to a changing business world Rating: 0 out of 5 stars0 ratingsGestalt Psychology for Marketing and Leadership: Influence customer perceptions and make your advertising more memorable Rating: 0 out of 5 stars0 ratingsGame Theory: The art of thinking strategically Rating: 3 out of 5 stars3/5The BCG Growth-Share Matrix: Theory and Applications: The key to portfolio management Rating: 2 out of 5 stars2/5Michael Porter's Value Chain: Unlock your company's competitive advantage Rating: 4 out of 5 stars4/5McKinsey 7S Framework: Boost business performance, prepare for change and implement effective strategies Rating: 4 out of 5 stars4/5Freemium: Attract more customers and boost your sales Rating: 0 out of 5 stars0 ratingsThe Law of Diminishing Returns: Theory and Applications: Understand the fundamentals of economic productivity Rating: 0 out of 5 stars0 ratingsPareto's Principle: Expand your business with the 80/20 rule Rating: 5 out of 5 stars5/5The Balanced Scorecard: Turn your data into a roadmap to success Rating: 4 out of 5 stars4/5The Six Sigma Method: Boost quality and consistency in your business Rating: 3 out of 5 stars3/5Maslow's Hierarchy of Needs: Gain vital insights into how to motivate people Rating: 5 out of 5 stars5/5Management by Objectives: Get the best out of your employees Rating: 0 out of 5 stars0 ratingsThe SWOT Analysis: A key tool for developing your business strategy Rating: 4 out of 5 stars4/5Parkinson's Law: Master time management and increase productivity Rating: 0 out of 5 stars0 ratingsThe Peter Principle: Say NO! to incompetence at work Rating: 4 out of 5 stars4/5Capital Asset Pricing Model: Make smart investment decisions to build a strong portfolio Rating: 4 out of 5 stars4/5The Long Tail Theory for Business: Find your niche and future-proof your business Rating: 0 out of 5 stars0 ratingsPESTLE Analysis: Understand and plan for your business environment Rating: 4 out of 5 stars4/5Business Plan Checklist: Plan your way to business success Rating: 5 out of 5 stars5/5SMART Criteria: Become more successful by setting better goals Rating: 5 out of 5 stars5/5Improve Your Business Through Kaizen: Boost your results with continuous improvement Rating: 4 out of 5 stars4/5
Related ebooks
Michael Porter's Value Chain: Unlock your company's competitive advantage Rating: 4 out of 5 stars4/5SMART Criteria: Become more successful by setting better goals Rating: 5 out of 5 stars5/5Value Stream Mapping: Reduce waste and maximise efficiency Rating: 4 out of 5 stars4/5Benchmarking for Businesses: Measure and improve your company's performance Rating: 0 out of 5 stars0 ratingsThe Balanced Scorecard (Review and Analysis of Kaplan and Norton's Book) Rating: 4 out of 5 stars4/5The Business Model Canvas: Let your business thrive with this simple model Rating: 3 out of 5 stars3/5Business Plan Checklist: Plan your way to business success Rating: 5 out of 5 stars5/5From Strategy to Action. Policy Deployment in daily Management. Rating: 0 out of 5 stars0 ratingsMeasuring Performance Rating: 4 out of 5 stars4/5Business Process Mapping: How to improve customer experience and increase profitability in a post-COVID world Rating: 0 out of 5 stars0 ratingsBalanced Scorecard for Performance Measurement Rating: 3 out of 5 stars3/5Summary: Financial Intelligence: Review and Analysis of Berman and Knight's Book Rating: 0 out of 5 stars0 ratingsHBR's 10 Must Reads on Strategy (including featured article "What Is Strategy?" by Michael E. Porter) Rating: 4 out of 5 stars4/5Alignment (Review and Analysis of Kaplan and Norton's Book) Rating: 0 out of 5 stars0 ratingsManaging Operations: Your guide to getting it right Rating: 0 out of 5 stars0 ratingsManagement by Objectives: Get the best out of your employees Rating: 0 out of 5 stars0 ratingsThe SWOT Analysis: A key tool for developing your business strategy Rating: 4 out of 5 stars4/5The Greiner Growth Model: Anticipate crises and adapt to a changing business world Rating: 0 out of 5 stars0 ratingsPorter's Five Forces: Understand competitive forces and stay ahead of the competition Rating: 4 out of 5 stars4/5PESTLE Analysis: Understand and plan for your business environment Rating: 4 out of 5 stars4/5Pareto's Principle: Expand your business with the 80/20 rule Rating: 5 out of 5 stars5/5Improve Your Business Through Kaizen: Boost your results with continuous improvement Rating: 4 out of 5 stars4/5The Six Sigma Method: Boost quality and consistency in your business Rating: 3 out of 5 stars3/5The Competitive Power of the Product Lifecycle: Revolutionise the way you sell your products Rating: 0 out of 5 stars0 ratingsMcKinsey 7S Framework: Boost business performance, prepare for change and implement effective strategies Rating: 4 out of 5 stars4/5The Law of Diminishing Returns: Theory and Applications: Understand the fundamentals of economic productivity Rating: 0 out of 5 stars0 ratingsIshikawa Diagram: Anticipate and solve problems within your business Rating: 5 out of 5 stars5/5Freemium: Attract more customers and boost your sales Rating: 0 out of 5 stars0 ratingsThe Theory of Comparative Advantage: Why specialisation is the key to success Rating: 0 out of 5 stars0 ratingsThe Long Tail Theory for Business: Find your niche and future-proof your business Rating: 0 out of 5 stars0 ratings
Strategic Planning For You
Strategy Skills: Techniques to Sharpen the Mind of the Strategist Rating: 4 out of 5 stars4/5The Art of War: A New Translation Rating: 4 out of 5 stars4/5Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes Rating: 5 out of 5 stars5/5Summary of The 33 Strategies of War: by Robert Greene - A Comprehensive Summary Rating: 0 out of 5 stars0 ratingsThe 12 Week Year (Review and Analysis of Moran and Lennington's Book) Rating: 5 out of 5 stars5/5How to Grow Your Small Business: A 6-Step Plan to Help Your Business Take Off Rating: 3 out of 5 stars3/5The 10X Rule: The Only Difference Between Success and Failure Rating: 5 out of 5 stars5/5Time Management (The Brian Tracy Success Library) Rating: 5 out of 5 stars5/5Start Your Own Business: The Only Startup Book You'll Ever Need Rating: 3 out of 5 stars3/5Rocket Fuel (Review and Analysis of Wickman and Winter's Book) Rating: 5 out of 5 stars5/5Summary: Made to Stick: Review and Analysis of the Heath Brothers' Book Rating: 0 out of 5 stars0 ratingsThe AI Factor: How to Apply Artificial Intelligence and Use Big Data to Grow Your Business Exponentially Rating: 5 out of 5 stars5/5Scaling Up: How a Few Companies Make It...and Why the Rest Don't (Rockefeller Habits 2.0 Revised Edition) Rating: 4 out of 5 stars4/5The Ultimate Sales Machine (Review and Analysis of Holmes' Book) Rating: 4 out of 5 stars4/5Primalbranding: Create Belief Systems that Attract Communities Rating: 4 out of 5 stars4/5Creating a Business Plan For Dummies Rating: 3 out of 5 stars3/5Hagakure: The Book of the Samurai Rating: 4 out of 5 stars4/5Both/And Thinking: Embracing Creative Tensions to Solve Your Toughest Problems Rating: 5 out of 5 stars5/5The Nonprofit Strategy Revolution: Real-Time Strategic Planning in a Rapid-Response World Rating: 4 out of 5 stars4/5Start with Strategy: Craft Your Personal Real Estate Portfolio for Lasting Financial Freedom Rating: 0 out of 5 stars0 ratingsCreating Business Plans (HBR 20-Minute Manager Series) Rating: 5 out of 5 stars5/57 Powers: The Foundations of Business Strategy Rating: 5 out of 5 stars5/5New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development Rating: 4 out of 5 stars4/5A Guide to the Business Analysis Body of Knowledge® (BABOK® Guide) v3 Rating: 5 out of 5 stars5/5How to Master the Art of Selling (Review and Analysis of Hopkins' Book) Rating: 0 out of 5 stars0 ratingsThe 80/20 CEO: Take Command of Your Business in 100 Days Rating: 0 out of 5 stars0 ratingsRewired: The McKinsey Guide to Outcompeting in the Age of Digital and AI Rating: 5 out of 5 stars5/5The One Page Business Plan (Review and Analysis of Horan's Book) Rating: 5 out of 5 stars5/5Getting the Most for Selling Your Business: How to Get Top Dollar for the Company You've Nurtured for Years Rating: 5 out of 5 stars5/5
Related podcast episodes
#7 - The Fifth Discipline Part 1 100% found this document usefulRita McGrath and Roger L. Martin on the Nature of Competitive Advantage 0% found this document usefulThe Structure and Scientific Thinking of Toyota Kata with Mike Rother | 087 0% found this document usefulThe Goal: by Eliyahu Goldratt 0% found this document useful#8 - The Fifth Discipline Part 2 0% found this document usefulThe Kernel of Strategy - Part 1 (MT) 0% found this document usefulWhat Does Good Measurement Look Like in Practice? 4 Core Metrics for Your Dashboard 0% found this document usefulCustomer Success and Quarterly Business Reviews - with Guy Nirpaz, Founder and CEO Totango 0% found this document usefulMarketing Metrics that Matter to the CFO - with Chris Golec, Founder and CEO Channel99 and Demandbase 0% found this document usefulRevOps as a Strategic Revenue Planning Partner - with Toni Hohlbein, Growblocks 0% found this document usefulThe 4 Parts of a Good Nonprofit Financial Dashboard 0% found this document usefulB2B SaaS Metrics Evolution and Usage - with Clayton Whitfield, Founder SaaSOptics 0% found this document usefulTaproom and Brewery Metrics to Monitor 0% found this document usefulRV 116 - The Five Core Stages of Revenue Strategy 0% found this document usefulSuccess with savings tracking (NOT in Excel) - Paul Gurr from Provalido 0% found this document usefulBusiness Frameworks That Increase Leverage 0% found this document usefulHow To Grow Your Clothing Brand - Part 1 - Business & Operations | AEP075 0% found this document usefulThe Power of Benchmarks - with Lauren Kelley, Founder and CEO OPEX Engine (Episode 1) 0% found this document usefulThe Importance of SaaS Benchmarks - with Sam Baker, Scale Venture Partners 0% found this document useful
Related articles
The Strategy Palette: Five Approaches to Strategy for a Complex World Rotman ManagementUNLIMITED
The Strategy Palette: Five Approaches to Strategy for a Complex World
Sep 1, 2018
10 min readThe Four Ways Of Organizing Innovation The European Business ReviewUNLIMITED
The Four Ways Of Organizing Innovation
May 25, 2021
9 min readDEVELOPING A STRATEGY FOR MANAGING Non-Financial Environment, Social, and Governance (ESG) Risks and Opportunities The European Business ReviewUNLIMITED
DEVELOPING A STRATEGY FOR MANAGING Non-Financial Environment, Social, and Governance (ESG) Risks and Opportunities
Feb 25, 2021
11 min readYour Strategy Needs 2 Types Of People The European Business ReviewUNLIMITED
Your Strategy Needs 2 Types Of People
Feb 4, 2019
4 min readThe Big Lies of Strategy Rotman ManagementUNLIMITED
The Big Lies of Strategy
Sep 1, 2018
7 min readAnatomy Of Successful Strategic Leaders Business TodayUNLIMITED
Anatomy Of Successful Strategic Leaders
Jun 10, 2019
3 min readCan the Annual Review Be Replaced By an App? EntrepreneurUNLIMITED
Can the Annual Review Be Replaced By an App?
May 1, 2018
4 min readThe 2% Company: Excelling at Efficiency and Innovation Rotman ManagementUNLIMITED
The 2% Company: Excelling at Efficiency and Innovation
Jan 1, 2019
9 min readHow to Become a More Strategic Leader Rotman ManagementUNLIMITED
How to Become a More Strategic Leader
Sep 1, 2019
MY CAREER AT FACEBOOK started in 2006 as its first intern. Three years later, I became a rookie manager at the age of 25. Today, I manage an organization of hundreds of people. This journey has brought countless new challenges, mistakes and lessons.
5 min readThe Elements of Value Rotman ManagementUNLIMITED
The Elements of Value
May 1, 2018
8 min readThe 3 Myths Of Employee Autonomy The European Business ReviewUNLIMITED
The 3 Myths Of Employee Autonomy
Dec 3, 2019
6 min readThis Is The End Of The Financial Year Architectural Review Asia PacificUNLIMITED
This Is The End Of The Financial Year
Jun 6, 2018
4 min read3 Ways to Increase the Enterprise Value of Your Family Business KiplingerUNLIMITED
3 Ways to Increase the Enterprise Value of Your Family Business
Aug 31, 2022
Many entrepreneurs focus on revenue, innovation and people to lead their enterprise forward in the future – but business tends to get in the way. Finding, recruiting and hiring talent, maintaining relationships with key customers and vendors, dealin
3 min readChoosing The Best Fit Finweek - EnglishUNLIMITED
Choosing The Best Fit
Aug 7, 2020
all investments have an impact – either positive or negative. A positive impact can be generated deliberately or unintentionally. Selecting the right metrics is an important tenet of the impact measurement and management process. But simply measuring
2 min readHow Operation Managers Can Convince Executives To Solve Problems They Can’t See Facility ManagementUNLIMITED
How Operation Managers Can Convince Executives To Solve Problems They Can’t See
Aug 29, 2019
2 min readHow To Write An Effective BUSINESS PLAN Cacique MagazineUNLIMITED
How To Write An Effective BUSINESS PLAN
Oct 1, 2024
2 min readThe Importance Of A Business Plan Farmer's WeeklyUNLIMITED
The Importance Of A Business Plan
Sep 15, 2023
5 min readFinancial Literacy For Architects Architectural Review Asia PacificUNLIMITED
Financial Literacy For Architects
May 7, 2021
4 min readAre You Making the Most of Your Data? Rotman ManagementUNLIMITED
Are You Making the Most of Your Data?
Jan 1, 2023
8 min readHow To Turn Customer Insight Into Growth Rotman ManagementUNLIMITED
How To Turn Customer Insight Into Growth
May 1, 2017
10 min readBuilding A Future-proof Company – Four Cornerstones Of Transformative Corporate Foresight The European Business ReviewUNLIMITED
Building A Future-proof Company – Four Cornerstones Of Transformative Corporate Foresight
Feb 25, 2021
5 min readWhat If Your Business Model Was To Blame For Your Lack Of Innovativeness? The European Business ReviewUNLIMITED
What If Your Business Model Was To Blame For Your Lack Of Innovativeness?
Mar 1, 2022
4 min readIn Trust We Grow MarketingUNLIMITED
In Trust We Grow
Mar 23, 2020
Seamless CX is often highlighted as the key to delivering an organisation’s success. In today’s globalised marketplace, however, the issue of ‘trust’ plays a far more critical role. An erosion of trust creates a barrier preventing many organisations
4 min readWhy Invest In Strategic Foresight? The European Business ReviewUNLIMITED
Why Invest In Strategic Foresight?
Feb 11, 2022
4 min readHow Top-performing Firms Needed To Reorganise Seven Times For Digital The European Business ReviewUNLIMITED
How Top-performing Firms Needed To Reorganise Seven Times For Digital
May 28, 2024
How many major organisational changes has your company been through in the last five years, and did those changes create value? At MIT CISR, we studied over 700 companies to understand how companies unlock new digital value.1 We found that a company
9 min readA Game-changing Approach For Artisan Businesses Handmade SellerUNLIMITED
A Game-changing Approach For Artisan Businesses
Oct 16, 2024
7 min readThe Complexity Of Executive Remuneration NZBusiness and ManagementUNLIMITED
The Complexity Of Executive Remuneration
Jun 24, 2019
A TOPIC that draws mixed opinions, determining executive remuneration, can be a complex process. Typically, the responsibility of a board of directors, it is considered a particularly important duty of their corporate governance. Awarding executive p
2 min readTransitioning Your Business To Level 1 Of Lockdown Sunday IndependentUNLIMITED
Transitioning Your Business To Level 1 Of Lockdown
Oct 4, 2020
COVID-19 has impacted the business landscape in a number of ways, with the pressures of lockdown turning daily operations on their head. Staff has had to adapt to remote working, while those that could not, had to implement a host of rigorous occupat
1 min read3 Tips For SMEs, Entrepreneurs To Have A Good Year Sunday TribuneUNLIMITED
3 Tips For SMEs, Entrepreneurs To Have A Good Year
Jan 21, 2024
2 min readBoards Must Up Strategy Play Business TodayUNLIMITED
Boards Must Up Strategy Play
Jan 7, 2019
4 min read
Reviews for The Balanced Scorecard
Rating: 3.5 out of 5 stars
3.5/5
4 ratings1 review
- Rating: 5 out of 5 stars5/5Good book to read to work on BSC and to improve team performance
Book preview
The Balanced Scorecard - 50minutes
Key information
Name: the Balanced Scorecard (BSC).
Uses: the Balanced Scorecard links an organisation’s long term objectives to its daily activities. It is a tool for strategic thinking that can be adapted to suit the organisation’s overall approach.
Why is it successful? The Balanced Scorecard gives managers, employees and shareholders a comprehensive view of the company, based on financial and non-financial aspects. The Balanced Scorecard clarifies the short and long term objectives and the strategies of the company. It also ensures consistency between daily activities and the overall vision of the company.
Key words:
Indicator: qualitative or quantitative information that accounts for the variation of a variable (economic, financial, etc.) for a given time.
A means indicator calculates the resources that have been or will be necessary to achieve an objective.
A performance indicator measures the performance of the company.
Performance: the company’s ability to meet its objectives using appropriate resources at lower costs.
Enjoying the preview?
Page 1 of 1