Date: 2024-12-26 Page is: DBtxt003.php L0700-II-BALANCED-SCORECARD
IMPORTANT IDEA BALANCED SCORECARD
Business Strategy: Kaplan & Norton's Balanced Scorecard
177,853 views•Jun 4, 2016
The Balanced Scorecard approach encourages businesses to analyse and report performance based on four key perspectives - financial, customers, internal processes and organisational capacity. This revision video provides an overview of the Balanced Scorecard model and approach.
TPB Note: The Balanced Scorecard as envisioned by Kaplan and Norton has the conventional focus of corporate performance ... it is merely a management tool with a focus on improving the performance of the corporate organization. In contrast the TVM goal is to optimize performance for all aspects of the socio-enviro-economic system in a holistic balanced manner where everyone shares in the productivity and progress of the system.
