7. BalanCe sCore Card
It is the management tool that provides stakeholders with a
comprehensive measure of how the organization is processing
towards the achievement of its strategic goals.
Balances financial and non financial measures.
Balances short and long term measures.
Balances performance drivers(leading indicators) with outcome
measures(lagging indicators).
Leads to strategic focus and organizational alignment.
11. finanCial perspeCtive
In private companies financial perspective is the main objective
that is the ultimate goal.
The strategic goal of financial perspective is the long term
shareholder value which is driven by two factors-
A) Revenue growth
B) Cost efficiency
15. internal proCess perspeCtive
It has four main component:-
Operations Management Process.
Customer Management Process.
Innovation Process.
Regulatory and Social Process.