A balanced scorecard or bsc is a type of visual tool. When a new ceo is hired, for example he or she will often call for a radical. The information included is fictional and is provided to simply demonstrate the process. When designed properly it can provide an excellent management tool to help keep businesses and organisations on track. The balanced scorecard is the closest management tool to a crystal ball as you will find. Use it to measure the value of an activity against your companys strategic plant.
Before presenting balanced scorecard examples, it is important to understand the context and the concepts behind the management and monitoring tool created by professors robert s. The template here helps you to understand the important terminologies. If you need help in creating a detailed balanced scorecard with elaborate data on the problem, journey and the steps taken, this template would be handy with its essayed description. Reading a strategy map isnt at all complicated, but if you havent done it before, its good to know where to start. Kaplan and nortons balanced scorecard is a concept still widely used and. You can download this balanced scorecard template for free below. Download readytouse templates or use the selfservice wizard to generate your own template. It is interesting to note that scorecard is actually a bit of a misnomer. Learn how to develop and use balanced scorecards with these samples, examples. Powerpoint and pdf templates for balanced scorecard. A full balanced scorecard example including 6 templates. This balanced scorecard process establishes the most useful measures to monitor. Example balanced scorecard for performance measurement. Readytouse balanced scorecard templates with examples of kpis for different.
Balanced scorecard examples are typically used when planning strategies using this ensures that the efforts of the company align with its vision and strategy. Findings the paper concludes that the balanced scorecard. Anytown hospital has just finished a twoday retreat where they revised and updated their mission and vision statements and drafted a strategic plan. Download restaurant balanced scorecard example excel. Download restaurant balanced scorecard example excel different examples of balanced scorecards what makes the balanced scorecard so successful is its adaptability. Measures that drive performance at that time there was a perception that the benchmarking. Balanced scorecard example the following is an example of how one might develop a balanced scorecard. Examples of this perspective in clude financial ratios and various cash flow measures. Balanced scorecard free ppt and pdf download workshopbank. With that in mind, lets dive right in to an example of what a balanced scorecard looks like in practice. My experiences as a balanced scorecard practitioner with a large canadian company taught me that tremendous results are possible with the tool, but to attain.
Its a great team building activity, process management tool and, when you do it properly, you end up with an action plan thats fully. Use these free templates or examples to create the perfect professional document or project. Consulting organizations offer a compelling example of creating value. For example, consider the linkages in the service management profit chain. The balanced scorecard is a workshop technique for establishing the most useful high level measures by which to monitor your companys units progress and performance against its strategic goals. Free download of hotel balanced scorecard example pdf document available in pdf format. A practitioners guide to the balanced scorecard cima.