Balanced scorecard

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Balanced scorecard is a performance measurement tool that looks as more than just the financial perspective.

Definitions

According to Management by Robbins and Coulter (14th edition),

Balanced scorecard. A performance measurement tool that looks as more than just the financial perspective.

According to Managing Quality by Foster (6th edition),

Balanced scorecard. A tool for monitoring both financial and operational metrics in one document.

According to Cost Accounting by Horngren, Datar, Rajan (14th edition), Balanced scorecard. A framework for implementing strategy that translates an organization's mission and strategy into a set of performance measures.

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