What is Balance Score Card

Hr Helpboard14 May, 2022Business

Balanced Scorecard is a performance based metric which companies used for strategic management. It improves the internal functions and external results of the business. Balanced scorecard basically connects dot between the strategic part of the organization and the operational elements. It make sure that mission, vision and core values of the organization are well reflected in the objective, initiatives and measures taken by the employees. It also checks the strategic performance is on the line to strategic focus areas.