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Balanced Scorecard |
Also found in: Acronyms, Wikipedia, Hutchinson | 0.03 sec. |
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Balanced Scorecard A performance metric used in strategic management to identify and improve various internal functions and their resulting external outcomes. The balanced scorecard attempts to measure and provide feedback to organizations in order to assist in implementing strategies and objectives. Notes: This management technique isolates four separate areas that need to be analyzed: (1) learning and growth, (2) business processes, (3) customers, and (4) finance. Data collection is crucial to providing quantitative results, which are interpreted by managers and executives and used to make better long-term decisions. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Jeff Parks of the Balanced Scorecard Institute and Dr. 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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Balanced Scorecard