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The Balanced Scorecard (BSC) contributes to a company's profitability by improving strategic communication and execution, aligning processes, and enhancing performance reporting. It provides a framework that translates a company's strategic objectives into a set of performance measures. These measures are balanced between financial objectives and the drivers of future financial performance, such as customer satisfaction, internal processes, and the organization's ability to learn and improve. This balance allows companies to avoid over-concentration on short-term financial results at the expense of long-term success.
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Strategic planning is a crucial aspect of a business' success. That is why Apple, Volkswagen, UPS, Citibank and many other Fortune 500 companies, and even U.S. Army Medical Department, use Balanced Scorecard (BSC) and remain extremely productive and enviably profitable. Our template allows you to use the BSC approach to improve strategic communication and execution, process alignment and performance reporting within your company (among other things), and thrive.
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Need a way to streamline your strategic planning process? The Balanced Scorecard (BSC) is a tried-and-true method used by some of the most successful ...
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