Balanced Scorecard Essay Example | Topics and Well Written Essays - 250 words

Balanced Scorecard - Essay Example ard as a performance tool includes integrating all relevant facets into a comprehensively detailed report which apparently includes quality, shortens response time, manages on a longer-term perspective, reduces the number of times for new product launch, and emphasizes the value of teamwork. Likewise, there is also the acknowledged benefit of maximizing the potentials of organizational resources. The balanced scorecard concept and strategic performance measure is reported to be effectively implemented by initially establishing explicitly defined goals (quality, time, performance, service); as well as translating these goals into specifically designed measures or strategies of accomplishment. Finally, it was noted that the main responsibility and applicability of the balanced scorecard in the organization falls within the upper or senior levels of management; and performed by members of lower levels of