Introduction
The balanced scorecard is a strategic planning and management system that is used
mostly all type of large business and industry, government, and nonprofit
organizations worldwide to align business activities to the vision and strategy of the
organization, improve internal and external communications, and detect the
organization performance against strategic goals. The Balanced scorecard is a central
list of numbers, which show each key part of an organization’s success, such as
financials, people, operations, suppliers, customers, and support systems. The
numbers should measure not just important outcomes, but also the factors which
influence, or drive, those outcomes.
If we do notice on some organizations that are well to do at their actual picture rather
then a written report there can be few issues that can be identified. From there the
balanced scorecard comes in and the organization on the issues which the leadership
team decides are key to its success. For example there is no point on buying expensive
