Balanced scorecard Health, Medicine, Nursing Essay (Essay Sample)
What is the purpose of a balanced scorecard? How is balanced scorecard used to lead and manage an organization? How can the balanced scorecard be linked to organizational effectiveness as well as individual performance evaluation?source..
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A balances scorecard (BSC) denotes a performance management tool used to identify and enhance various internal organizational functions and resulting outcomes. It offers a healthcare organization a complete set of financial, as well as non-financial performance measures based on a specific strategy (Jackson, 2021). BSC centers its vision and goals on customer, internal processes, financial, and growth. A balanced scorecard is used to lead and manage an organization by providing a strategic plan. BSC allows an organization to align the strategic plan to the organization’s goals (Gurd & Gao, 2008). For example, developin
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