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When choosing the right Balanced Scorecard software for an organization, there are a few issues to be considered. Software set-up, design, configuration and technicality are some of the dimensions to be analyzed during the Balanced Scorecard software selection process.
The Balanced Scorecard concept was introduced to the private sector in 1992, as means of measuring organizational performance. To maximize clarity and utility, Robert Kaplan and David Norton proposed using four perspectives: Financial, Customer, Internal Processes and Learning and Growth.
Back in 1992, Drs. Robert S. Kaplan and David P. Norton introduced to society the greatness and benefits of the Balanced Scorecard.
The corporate world is oftentimes believed to be too protective of their internal realities. More transparency is demanded with regard to all business environments, especially when the comprehensive research of today shows that performance is a by-product of an organization’s approach to its many fractions. One of the aspects today’s best talent rarely has access to, is gender balance within the organizations they target. This issue has gained interest at so many levels, that it sometimes becomes a single measure of progress looked at by prominent surveyors.
The Balanced Scorecard (BSC), designed by Robert Kaplan and David Norton in 1992 to provide managers with a way of translating strategy into a set of financial and non-financial measures, is undoubtedly one of the most popular methods used for a performance management system.
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