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Home > QFINANCE Dictionary > Definition of balanced scorecard

Definition of

balanced scorecard

General Management

system assessing progress toward goals a system that measures and manages an organization's progress toward strategic objectives. The balanced scorecard incorporates not only financial indicators but also three other perspectives: customer, internal business, and learning/innovation. The scorecard shows how these measures are interlinked and affect each other, enabling an organization's past, present, and potential performance to be tracked and managed.

Related definitions of "balanced scorecard"

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Definitions of ’balanced scorecard’ and meaning of ’balanced scorecard’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’balanced scorecard’ and other financial terms with our online QFINANCE Financial Dictionary.

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