Formula to Calculate Balanced Scorecard

Balanced Scorecard
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Balanced Scorecard > Best Practices > Formula to Calculate Balanced Scorecard

Formula to Calculate Balanced Scorecard
washington mehlo, Manager, Zimbabwe, Member
What fomula do you use to calculate the BSC? (...) Read more? Sign up for free
 

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Balanced Scorecard Formula
Jaap de Jonge, Management Consultant, Netherlands
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).
 

 
Formula for BSC: PDCA and DARE
Emmanuel Reyme, Director, United States, Member
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.
 

 
Formula for BSC?
DUBE PROSPER, ICT Consultant, Zimbabwe, Member
(...)
 

 
BSC Measurement
Murambadoro Patrick
(...)
 

 
BSC Formula & PDCA
Paul Maguire, Business Consultant, United States, Member
(...)
 

         
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