A discussion on the core elements of the balanced scorecard framework (BSC) and its connection with management theory and practice.
This article provides the theoretical foundation for the balanced scorecard:
- What is the balanced scorecard?
- What are the core elements of the balanced scorecard?
- Why do these elements matter?
- How does the balanced scorecard help in management decision making?
- Where does it make sense to apply the balanced scorecard?
CIOs can learn the basics of the balanced scorecard, what makes it an effective tool, for what purpose, and decide if BSC is for them. Excellent Read!
