THE Balanced Scorecard (BSC) has emerged as a pivotal strategic management tool, gaining significant traction in both private and public sectors in the Philippines.
THE Balanced Scorecard has emerged as a pivotal strategic management tool, gaining significant traction in both private and public sectors in the Philippines. Developed in the early 1990s by Robert Kaplan and David Norton, the BSC transcends traditional financial metrics by incorporating a multidimensional framework that includes financial, customer, internal processes, and learning and growth perspectives.
This, in turn, results in superior service delivery and customer satisfaction, ultimately driving financial success.The Importance of regular review and adaptationThe BSC is not a static tool; it requires consistent review and adaptation to remain effective. Organizations must regularly assess their strategic objectives, measures, and Key Performance Indicators , which can be evaluated monthly or quarterly.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DOE partners with USAID to develop Energy Resiliency ScorecardLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
DOE partners with USAID to develop Energy Resiliency Scorecard for climate resilienceLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
DOE, USAID launch resiliency scorecard for energy facilitiesDefining the News
Read more »
Snack na Swak: A Balanced Pathway to WellbeingDefining the News
Read more »
Low-carb and easy-peasy stuffed capsicumsIncorporating a low carb diet is considerably a good way to promote weight loss and sustained well-being.
Read more »
NutraHealthyGut: Revolutionizing gut health for all agesRECOGNIZING the importance of a balanced gut microbiome, NutraHealthyGut introduces its range of probiotic and prebiotic supplements.
Read more »