Question

PO 7. What is a Balanced Scorecard? In what ways is it a means of focusing attention on strategy implementation? strategis implementatie

Answer 1

Balanced scorecard is strategy performance management tool, semi standard organised report which the manager use to keep track or have look on execution of activities by the members of staff within their Control and to monitor consequences which may arises from the actions.

Balanced scorecard helps in strategy implementation

Basically used to attain objective, capabilities, creativities and goals .

Used by organization to implement strategy mapping to see where value is added within an organization.

When used in strategy planning and implementation, then help the organization behind shared vision of success and get people working on right things and focusing on results.

Help in better employee alignment and communicate their strategy with clarity and execute in right direction