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Balanced Scorecard
(redirected from Balanced Scorecards)

   Also found in: Wikipedia 0.01 sec.
Balanced Scorecard
A type of internal audit. A balanced scorecard collects data and reports to management on four areas: learning and growth, business processes, customers, and finance. The balanced scorecard helps an organization monitor performance and, if necessary, make improvements.


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This alone is a strong indication just how important balanced scorecards are in the success of any business, The balanced scorecard is a rating system that was conceptualized to give all management levels a vivid image of the organization?
The strategy map and Balanced Scorecards are then reviewed on both a monthly and quarterly basis to gauge whether or not the organization is on track, as well as to allow Ricoh to develop counter measures as needed.
At their most effective, balanced scorecards can be powerful tools, providing concise, predictive and actionable information about how a company is performing and may perform in the future.
 
 
 
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