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The four legs concept posits that each leg is equally important - losing one would render a whole business unstable. .

Robert Kaplan from the Harvard Business School and IT consultant and expert, David Norton during the 1990s, in response to changing business models.

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These aspects denote the. "This Q&A section is built to provide easy, quick answers to the most-asked questions about the Balanced Scorecard. .

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The. By incorporating measures from multiple perspectives, the Balanced Scorecard helps organizations align their operational activities with their strategic objectives,. .

. As you can see, the financial perspective drives this scorecard, which keeps costs in line with the company’s needs.

• Align the HR processes, policies,.

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These aspects denote the. .

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The Balanced Scorecard was originally devised by Dr.
A BSC helps HR: • Communicate the HR strategy to all stakeholders and show how it supports the organization's strategy.

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The Financial perspective.

Robert Kaplan from the Harvard Business School and IT consultant and expert, David Norton during the 1990s, in response to changing business models. So instead of a single measure why not a use a composite scorecard involving a number of different measures. .

It helps a business focus on values essential for meeting growth objectives while relating the internal and external factors. . Financial Perspective: This perspective measures the financial elements of the organization, such as revenue, profit margin, return on investment. . Financial Measures: The financial perspective included three measures of importance to the shareholder. Kaplan and D.

Financial Perspective: The financial perspective focuses on traditional financial metrics, such as.

. It focuses on aligning daily work with the organization’s strategy while putting in place specific measures that allow management to progress towards strategic targets.

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Download Balanced Scorecard for Information Technology Example.

From a financial perspective, the company's primary goal is to increase revenues and manage risk.

The balanced scorecard includes financial measures (these reveal the results of actions already taken) and non-financial measures (these are drivers of future financial performance).