Balanced Scorecard Module, management homework help

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What is a balanced scorecard?

At its core, the balanced scorecard is a tool an organization can use to measure its performance. Unlike other tools that may focus just on financial measures, for example, the balanced scorecard takes many segments of the organization into account. This creates a more holistic view of the organization’s performance without focusing too heavily on any one set of controls. The balanced scorecard generally looks at four aspects of company performance: financial, customer, internal processes, and people/innovation/growth assets. When using a balanced scorecard, a manager will set goals in each of these four areas and measure the organization’s process against these goals.

Complete the Assignment section of the Balanced Scorecard Module to evaluate the performance of the organization against established standards.

Complete the following as a 350-word summary of your organization’s performance:

  • Identify the performance gaps.
  • Recommend actions to reduce performance gaps.

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