Investigation of the effect of the balanced scorecard on the performance of the for profit organisations - Dissertation Example

Extract of sample
Investigation of the effect of the balanced scorecard on the performance of the for profit organisations

The researcher states that it is important to first understand and comprehend the basic concept of balanced scorecard before investigating its impact on the performance of the organisations. The balanced scorecard provides a new and changed approach towards the management of the performance of the organisation. It is important to manage, monitor, and control the organisational performance in order to make sure that the organisation is able to accomplish the objectives, vision, and mission defined by the top management. There have been several research studies in order to understand the implementation of the balanced scorecard in effective and efficient manner. The research study will be beneficial for the business analysts and organisations who are looking for the methods and techniques for successful implementation of the balanced scorecard strategic tool in order to manage the overall performance. The method of balanced scorecard allows the organisation in the process of identifying the issues with the previous strategic management tools being used and provides the organisation with clear definition of the objects and elements which should be measured and monitored. This in turn allows the organisation to accomplish the main financial objectives. The main motivation or encouragement behind the research study is to explore the effectiveness of the balanced scorecard in the process of increasing the overall performance and profits of the organisation. The approach of balanced scorecard has been gaining rapid popularity and is being used by several organisations as a strategic management tool. ...Show more

Summary

In this research study, the researcher has indentified the impact of the implementation of the balanced scorecard on the performance of the organisation with the help of case studies of organisations which have successfully used the balanced scorecard…
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