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Book chapter
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Reference no. 1652BC
Chapter from: "The Balanced Scorecard: Translating Strategy into Action"
Published by: Harvard Business Publishing
Published in: 2006

Abstract

Today, organizations are competing in such complex environments that an accurate understanding of their goals and the methods for attaining those goals is vital. The balanced scorecard translates an organization's mission and strategy into a comprehensive set of performance measures that provide the framework for a strategic measurement and management system. Introduces the balanced scorecard, which enables companies to track financial results while simultaneously monitoring progress in building the capabilities and acquiring the intangible assets they need for future growth. This chapter is excerpted from ‘The Balanced Scorecard: Translating Strategy into Action'.

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Abstract

Today, organizations are competing in such complex environments that an accurate understanding of their goals and the methods for attaining those goals is vital. The balanced scorecard translates an organization's mission and strategy into a comprehensive set of performance measures that provide the framework for a strategic measurement and management system. Introduces the balanced scorecard, which enables companies to track financial results while simultaneously monitoring progress in building the capabilities and acquiring the intangible assets they need for future growth. This chapter is excerpted from ‘The Balanced Scorecard: Translating Strategy into Action'.

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