What is an example of a balanced scorecard?


Quick Answer

An example of a balanced scorecard, which is a strategic development tool to measure expectations and performance in a business, include a mission and vision statement along with a strategy map, performance measures and targets and initiatives. Detailed balanced scorecard examples are found online from websites, such as Balanced Scorecard, and include examples from government agencies, nonprofit organizations and commercial companies. Balanced scorecards (BSC) vary in format and details according to the company's objectives.

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Full Answer

The design of an effective BSC identifies a finite amount of measures and attaches a target to each. The scorecard is a tool to quantify the outcome and effectiveness of the included measures and improve on those that do not meet performance objectives.

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