What is a Balanced Scorecard Template?
The balance scorecard template may vary according to the industry however its basic concept is the same. It is a strategic system used by the management across the globe. It is widely used from hotel and airline industry, government sectors, automobile segments and even non profit organizations. It is very effective because it aims to carry out the business activities parallel to the company’s vision and strategy. It also targets to improve the communication system of the organization, both internal and external. On extreme cases, some companies use it to evaluate their performance and compare it to their exiting strategic goals. In the balance scorecard template, it uses four aspects which include the financial, internal business process, customer and employees’ learning and growth. Though these factors can be modified according to the industry, these are the basics which can be seen in the templates. Ideally successful implementation of the balance scorecard can lead to more motivate
