Balanced Score Card – A Better Approach For Maximizing Performance And Maintaining Results.
If you are a part of an accounting or check department of any major or even minor company, you would probably have heard of a balanced score card. What is a balanced score card you ask? Well, if you arent aware of the term itself, you would surely be aware of the principle behind it. Remember your SAT scores Rather than being absolute values like say 95 out of a hundred, they were typically presented in percentiles. This is one instance of a balanced score card. Another instance could be the percentile rank of your status in a class as compared to a percentage rank.
Well, it is not exactly an easy concept to explain, but allow me to try. When anything needs to rated, there is usually a principle for the rating. In the older days, when things were more linear, this happened as a linear calculation. But, as the business environment and businesses themselves got more and more complex, other variables started influencing business operations. In order to arrive at the true picture, these too needed to be taken into consideration before a proper study could be made. This...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
