Formula to Calculate Balanced Scorecard

Balanced Scorecard
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Best Practices
washington mehlo
Manager, Zimbabwe

Formula to Calculate Balanced Scorecard

What fomula do you use to calculate the BSC?

  Jaap de Jonge
Editor, Netherlands
 

Balanced Scorecard Formula

These is no one-size-fits-all formula to calculate the Balanced Scorecard.
Rather, depending on the company, it's strategy, etc., you define for each of the 4 perspectives a number of objectives along with their measurements (calculation).

  Emmanuel Reyme
Director, United States
 

Formula for BSC: PDCA and DARE

Instead of using a formula, apply the PDCA model for performance improvement.
Plan - Do - Check - Act.
This model will fit every type of organization. Use common sense, it is very basic. Whatever you do, it must be planned then implemented. Now, time is for the evaluation (check) of the implemented idea and act accordingly.
In that same logic, without having before the concept of the PDCA, I created the DARE process for my consulting firm. It is based on the same logic of the scorecard. Consultant and clients Discuss for a viable Assessment; clients Retain or Reject based on assessment analysis, consultant Evaluates and/or clients Execute.

  DUBE PROSPER
ICT Consultant, Zimbabwe
 

Formula for BSC?

The balanced score card is not a math expression but a strategic approach and performance management tool. So there is n...

  Murambadoro Patrick, Zimbabwe
 

BSC Measurement

Using the four basic perspectives one can go back to each division in the organisation and set objectives e.g. 45% marke...

  Paul Maguire
Business Consultant, United States
 

BSC Formula & PDCA

The Balanced Scorecard is a philosophy, framework, methodology and management approach for developing and executing stra...

 

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