The balanced scorecard is a strategy performance management tool – a semi-standard structured report, that can be used by managers to keep track of the execution of activities by the staff within their control and to monitor the consequences arising from these actions. This template is suitable for businesses that need a basic template to get started with the balanced scorecard concept. You can modify fonts and colors and add a logo to create your custom look. There is also room for your budget information. Determine what you will measure with the scorecard that will help improve employee performance. Most small business owners see a scorecard as a part of the overall evaluation of an employee and a way to encourage workers to perform better. Although many organizations use a five-year strategic plan, you’ll want to update your BSC more frequently to remain current and flexible as variables change. This template gives you a unique document where you can place all of your KPIs.The template comes with all four of the perspectives, but you can edit them to reflect your needs. There is also space for your company logo and space to indicate how important the KPI is as well as how your company is doing regarding that KPI.