Why is the BSC considered a cost-saving option when created in Excel?

The Balanced Scorecard (BSC) helps in improving the profitability of a company by providing a comprehensive framework for translating a company's strategic objectives into a set of performance indicators distributed among four perspectives: Financial, Customer, Internal Business Processes, and Learning and Growth. By focusing on these areas, a company can align its business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals. This holistic approach to strategic management can lead to improved profitability.

The content does not provide specific details on the initiatives and campaigns in relation to the four perspectives of the BSC. However, in general, these initiatives and campaigns would be developed based on the objectives and KPIs identified for each perspective. They would be designed to drive performance in the areas identified as key to the organization's strategy.

The Balanced Scorecard (BSC) aids in the development of objectives, KPIs, and targets by providing a framework that examines an organization from four different perspectives. This comprehensive view allows leaders to create and manage their objectives, KPIs, targets, as well as initiatives and campaigns in relation to these perspectives.