The Balanced Scorecard is a performance management tool that helps organizations measure and track their progress towards achieving their strategic goals. It is a framework that provides a balanced view of an organization's performance by measuring it against four key perspectives: financial, customer, internal processes, and learning and growth. The balanced scorecard framework helps organizations align their activities with their strategic goals, and communicate their performance to stakeholders. It also helps organizations to set targets, monitor progress, and make necessary adjustments to improve performance. The Balanced Scorecard is widely used across different industries, and companies of all sizes, and it can be adapted to suit the specific needs of any organization.
