Balanced Score Card

Question

Balanced Score Card

30 Sep 2022

Answer :

Word Count : 446

The term balanced scorecard (BSC) refers to a strategic management performance metric used to identify and improve various internal business functions and their resulting external outcomes. Used to measure and provide feedback to organizations, balanced scorecards are common among companies in the United States, the United Kingdom, Japan, and Europe. Data collection is crucial to providing quantitative results as managers and executives gather and interpret the information. Company personnel can use this information to make better decisions for the future of their organizations.

A balanced scorecard is a performance metric used to identify, improve, and control a business's various functions and resulting outcomes.

The concept of BSCs was first introduced in 1992 by David Norton _________ ______ __________ _______ ___ ________ ________ ________ ______.
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