Balanced Scorecard Style 652

The Balanced Scorecard is a management tool that belongs to the Performance Measurement frameworks. It provides strategic non-financial performance measures to traditional financial metrics, giving executives the ability of a balanced view of the organizational performance. 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. This is mainly due to the fact that most of the information that appears on the BSC is proprietary, detailing strategies of competitive organizations. However, while many available case studies do not reveal the contents of competing organization’s scorecards, they do detail the process they used to develop the BSC. Unfortunately, the information provided under the label “Balanced Scorecard Template” is irrelevant in most cases. It might be KPI, some Excel-based reporting or a measurement system, but not a Balanced Scorecard. This is an example of a balanced scorecard for an information technology department. As you can see, the financial perspective drives this scorecard, which keeps costs in line with the company’s needs.

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