Balanced Scorecard is a strategy performance evaluation tool with semi-standard reports. This software enables process automation and helps managers to track employees' performance and monitor the results of these activities in order to meet the strategic goals of the organization.
Managers are always looking for a solution to ensure that their policies are implemented. To this end, they use methods of performance evaluation as a tool to control their strategies being performed. Balanced Scorecard is a methodology in which an organization's strategy is linked to measurable performance indicators and, through its implementation, a system for strategy performance evaluation and strategic management is created.
Balanced Scorecard is a tool for evaluating strategy performance with semi-standard reports. This software enables process automation and helps managers to track employees' performance and monitor the results of these activities in order to meet the strategic goals of the organization.
General Objectives of the BSC Software:
. Assist managers in solving managerial problems in relation to their logical decision making process in order to advance the organization's goals;
. Investigate the communication between managers and employees by measuring the coordination of activities and communicating strategies to different parts of the organization;
. Better service to customers;
Most successful companies define their strategic goals in four categories of financial, customer, internal processes, learning and growth, and evaluate these four aspects of their performance. Therefore, the use of BSC in most organizations and companies can be of significant importance and helps execution of the businesses goals.