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Balanced Scorecard

   Also found in: Acronyms, Wikipedia, Hutchinson 0.02 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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Nearly two-thirds of typical companies have some type of balanced scorecard program in place or in development, but fewer than 20 percent of them have mature balanced scorecard implementations that are generating business value, according to research from The Hackett Group.
NorthPoint tapped to develop and manage Regional College and University (RCU) Partnerships, enabling more businesses and organizations to benefit from the Balanced Scorecard Management System
 
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