HCA 610 What is the purpose of a balanced scorecard?

HCA 610 What is the purpose of a balanced scorecard?

HCA 610 Module 2 DQ 2

What is the purpose of a balanced scorecard? How is the balanced scorecard used to lead and manage an organization? How can the balanced scorecard be linked to organizational effectiveness as well as individual performance evaluation?

Answer:

The purpose of a balanced scorecard is to help an organization determine whether it is achieving its goals, by evaluating its performance on four different dimensions: financial, customer, internal processes and learning and growth. The balanced scorecard can be used to lead and manage an organization because it helps the company determine whether it is doing what it needs to do in order to achieve its goals. HCA 610 What is the purpose of a balanced scorecard?

The balanced scorecard can also be linked to organizational effectiveness as well as individual performance evaluation by helping employees understand what their role in the company’s success is, so that they can work together as part of a larger team.

Question:

HCA 610 Module 2 DQ 2

What is the purpose of a balanced scorecard? How is the balanced scorecard used to lead and manage an organization? How can the balanced scorecard be linked to organizational effectiveness as well as individual performance evaluation? HCA 610 What is the purpose of a balanced scorecard?

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