Balanced Score Card. Health, Medicine, Nursing Essay

Balanced Scorecard
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Balanced Scorecard
In any business undertaking, it is usually assumed that what you measure is what you get. Within an organization, the measurement approaches employed are what will determine the attitude and behaviors of the managers. Notably, executives also understand that conventional procedures for measurement can give misleading information that harm the progress and innovations within the organization. While the measures worked effectively in past years, the new challenges faced by organization in the contemporary era call for comprehensive and articulate measures that will address the diverse aspects of the organization. The balanced scorecard can assist to move strategy to execution with minimal challenges. There are important elements that must be included in order to successfully fulfill the measurement and execution process. First, there must be clarity of the mission and vision of the organization. The financial, customer, internal business process, and learning and growing are also important in ensuring that there is success. The measures must also be linked to the strategy of the company to warrant effectiveness.
Another important aspect is aligning the structure and strategy of the company to meet the desired goals. With a top to bottom approach, the alignment of the strategy will be easy and results will be achieved with ease. Ther...