A balanced scorecard or BSC is a type of visual tool. Use it to measure the value of an activity against your company’s strategic plant. Balanced scorecard examples are typically used when planning strategies.

Using this ensures that the efforts of the company align with its vision and strategy. A BSC is very useful in helping businesses assess their activities. With these scorecards, you have more than a financial perspective.

This perspective just uses costs, profits, and revenues. The BSC presents a more balanced perspective. Also, it takes into account other outlooks of success. Have you ever wondered how to create a balanced scorecard?

A typical scorecard evaluates company initiatives through various perspectives. These are Customer, Business Processes, Financial, and Learning & Growth perspectives. You can evaluate activities properly using these perspectives. Click here to read more.