Efficiency of Balanced Scorecard

Balanced Scorecard
Knowledge Center

Best Practices

Sign up

Hari

Efficiency of Balanced Scorecard

This gave a clear cut idea about what the Balanced Scorecard really means. But how can we evaluate or judge the efficiency of the Balanced Scorecard, management concept? How can we evaluate the efficiency of using the Balanced Scorecard concept?

  Beben
 

Determining the Efficiency of BSC

How to evaluate the efficiency of BSC? Simply from your company achievements.. Does your company fulfill the target in all areas (Financial, Business process, Customer and Learning & Growth)?

  Paul Maguire
Business Consultant, United States
 

BSC Efficiency

The term efficiency speaks to the cycle time how quickly an object (organization, person, or product, etc.) is transformed.
The term effectiveness on the other hand, speaks to how well the process is performed; the quality, the low variance, the outcomes, etc.
The Balanced Scorecard can have positive impact on both of these aspects through organizational alignment and performance results against targets.
A concrete example of how this can work is the rationalization of initiatives inventorying against the initiatives, stopping duplicative initiatives, initiating new projects where gaps exist and prioritizing.

Start a new forum topic

 

More on Balanced Scorecard
Summary
Forum
The BSC is Now Being Stretched Beyond its Optimality
Balanced Scorecard and Target Costing
Extended Tool of Standard Costing Variance Analysis
3 Types of Performance Measures
Implementation of Balanced Scorecard in Outsourcing Industry
Balanced Scorecard for Supply Chain Processes
Balanced Scorecard for Software Development
Balanced Scorecard in Banking Industry
Make Balanced Scorecard a Regulatory Requirement
What are the Generations of the Balanced Scorecard?
🔥BSC for Retail Industry
Tool to Analyze the Control Proces in a Maintenance Division: BSC or EFQM?
Best Practices
Balanced Scorecard Design
Balanced Scorecard for Engineering Services
Balanced Scorecard in Budget Formulation
Formula to Calculate Balanced Scorecard
What the Balanced Scorecard DOES Address and What NOT
Balanced Scorecard for Financial Institutions
Create Strategic Aligment + Line-of-sight
Efficiency of Balanced Scorecard
Generating Cost Data
A Balanced Scorecard with 6 Perspectives
Unit of Measurement of Balanced Scorecard in Public Sector
Individual Balanced Scorecard Measurement
Balanced Scorecard for University
Weaknesses or Disadvantages of the Balanced Scorecard
Cascading the Balanced Scorecard from Corporate Level to Business Levels to Individual Level
HR Use of Balance Scorecard
Balanced Scorecard in a Charity Organisation
Balanced Scorecard in African Hospitals
A New Flow Oriented Scorecard: Bellwox Bureau (Value Turbine)
Developing a Balanced Scorecard for Projects
Linking Balanced Scorecard and Six Sigma
Balanced Scorecard for Reorganisation
Implementation of Balanced Scorecards in the Banking Sector
Spiritual Element in Balanced Scorecard
Balanced Scorecard is Developing...
Balanced Scorecard for Start Up Companies?
Special Interest Group

Are you interested in Balanced Scorecard? Sign up for free

Notify your students

Copy this into your study materials:

and add a hyperlink to:

Link to this discussion

Copy this HTML code to your web site:

Balanced Scorecard
Knowledge Center



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2021 12manage - The Executive Fast Track. V15.8 - Last updated: 15-4-2021. All names of their owners.