Get upto 50% OFFand transform HR & Payroll

00
days
00
hrs
00
min
00
sec

Get up to 50% OFF on all plans and transform

HR & Payroll processes today

Offer ends in

00
days
00
hrs
00
min
00
sec

Meaning & Definition

balanced scorecard

A balanced scorecard is a performance management tool that looks at financial and non-financial measures to provide a holistic view of organizational performance. It includes four perspectives: financial, customer, internal processes, and learning and growth. The balanced scorecard helps organizations align business activities with strategic objectives, track progress, and identify areas for improvement. By incorporating diverse performance indicators, it promotes a balanced approach to achieving long-term goals and enhancing overall effectiveness.