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Balanced Scorecard in Learning and growth analysis. Why balanced scorecard is so important to a business is because it shows that everyone in the business is committed to succeeding.What is a score card?
score·card | \ˈskȯr-ˌkärd \. 1 : a card for recording the score of a game. 2 : a report or indication of the status, condition, or success of something or someone.What goes on a balanced scorecard?
The Balanced Scorecard goes beyond standard financial measures to include the following additional perspectives: the customer perspective, the internal process perspective, and the learning and growth perspective. Financial perspective - includes measures such as operating income, return on capital employed, and economic value added.