Type of Paper: Discussion Essay
Academic Level: High school
Paper Format: APA
The balanced scorecard uses nonfinancial measures to evaluate organizational performance. Four perspectives form the basis of the balanced scorecard:
From each perspective, information is gathered, referred to as key performance indicators (KPIs), to compare actual amounts to goal amounts. The KPIs are used by management to assess leadership and company performances.
Here is a list of 20 companies that use the balanced scorecard in their organization:
Smith, R. (n.d.). 20 companies using the balanced scorecard (and why). https://www.clearpointstrategy.com/companies-using-the-balanced-scorecard/ (Links to an external site.)
Select one of the companies or organizations from the list. Review their balanced scorecard sharing your thoughts on how the balanced scorecard benefited the organization. How would you use this information to design a balanced scorecard for a company?