Asked by: Jesus Pfliegensdorfer
asked in category: General Last Updated: 11th April, 2020

What are the four parts to a balanced scorecard Six Sigma?

The Balanced Scorecard (BSC) is a strategic planning and management framework that looks at four perspectives—financial, customer, processes, and learning/growth—in order to meet and achieve the company's objectives.

Click to see full answer.

Similarly one may ask, what are the four parts of a balanced scorecard?

The balanced scorecard demands that managers translate their general mission statement on customer service into specific measures that reflect the factors that really matter to customers. Customers' concerns tend to fall into four categories: time, quality, performance and service, and cost.

Additionally, how do you fill out a balanced scorecard? Start with a space for all four perspectives and just add what specifically applies to your organization.

  1. Determine the vision. The company's main vision belongs in the center of a balanced scorecard.
  2. Add perspectives.
  3. Add objectives and measures.
  4. Connect each piece.
  5. Share and communicate.

In respect to this, what are the four segments of a traditional balanced scorecard?

The Balanced Scorecard is a set of performance targets and results relating to four dimensions of performance—financial, customer, internal process and innovation. It recognises that organisations are responsible to different stakeholder groups, such as employees, suppliers, customers, community and shareholders.

What are metrics in a balanced scorecard?

Metrics. The balanced scorecard has the capability to measure many different areas within an organization. Metrics used by different organizations often include: Profitability. Market share.

24 Related Question Answers Found

What is Balanced Scorecard with example?

How does a balanced scorecard work?

Why is a balanced scorecard important?

What are the benefits of balanced scorecard?

What are the main features of balanced scorecard?

Is Balanced Scorecard still relevant?

What does a balanced scorecard look like?

What are KPIs examples?

What is Balanced Scorecard framework?

How do you create a scorecard?

What is Balanced Scorecard PDF?

How do you measure process performance?

What is Balanced Scorecard PPT?