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Template: balanced scorecard
The balanced scorecard (BSC) is a strategic performance management framework that has been designed to help an organisation monitor its performance and manage the execution of its strategy.
In a recent world-wide study on management tool usage, the balanced scorecard was found to be the sixth most widely used management tool across the globe which also had one of the highest overall satisfaction ratings.
In its simplest form the balanced scorecard breaks performance monitoring into four interconnected perspectives: