The Balanced Scorecard is a management method that looks at an enterprise from different perspectives and is holistically oriented, based on purpose and statistics. Through increased transparency and objectivity, this method allows the company to position itself strategically for its target markets.
Brief description
The Balanced Scorecard is a management calculation that is applied with the help of a system of indicators.
Unlike the formula method and other rather unrivaled calculations, with the BSC method strategic goals are defined, transformed into measurable ones and monitored. The company's goals, visions and strategies are illustrated by indicators from creation, processes, customers and finance. The use of these measures makes it possible to achieve harmony among all departments in the company. In a continuous process, the goals and the degree of their achievement are checked and controlled by corrective measures.
