What Are The Benefits Of The Balanced Scorecard?

1.	What Are The Benefits Of The Balanced Scorecard?
Answer» Organisations benefit from using the Balanced Scorecard in the following ways: Clearly communicates the vision and strategy across the organization. Enables tracking of strategy implementation, with monthly/periodic reporting. Streamlines initiatives and aligns them with MAJOR objectives. Provides focus for the executive teams, clarifies roles and breaks down functional silos. Streamlines and simplifies the STRATEGIC planning process. Drives resources allocation and budgeting process. Improves REWARDS SYSTEM by linking measures to compensation. Organisations benefit from using the Balanced Scorecard in the following ways:

Answer»

Organisations benefit from using the Balanced Scorecard in the following ways:

Clearly communicates the vision and strategy across the organization.
Enables tracking of strategy implementation, with monthly/periodic reporting.
Streamlines initiatives and aligns them with MAJOR objectives.
Provides focus for the executive teams, clarifies roles and breaks down functional silos.
Streamlines and simplifies the STRATEGIC planning process.
Drives resources allocation and budgeting process.
Improves REWARDS SYSTEM by linking measures to compensation.

Organisations benefit from using the Balanced Scorecard in the following ways:

Discussion