Dictionary Term

Balanced Scorecard Methodology


The balanced scorecard methodology (BSC methodology) is a decades-old business management and performance measurement strategy used to improve businesses and predict future success. BSC measures a company’s well being against four criteria: financial, customer, internal processes, and growth.

Famously used by businesses like Bain & Company, BSCs attempt to capture a complex, and therefore more accurate picture of an enterprises’ health, beyond just the state of its finances.

Sources :

http://consulting.about.com/od/glossaryfaq/g/CF_BalancedScor.htm http://smallbusiness.chron.com/definition-balanced-scorecard-4838.html http://en.wikipedia.org/wiki/Balanced_scorecard

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