How to use A Balanced Scorecard in Your Strategic Plan

Description
The Balanced Scorecard (BSC) is a useful tool that helps you monitor your strategic initiatives and KPIs as part of your strategic plan. It takes into consideration your goals in terms of finance, customers, internal processes and learning & growth. The tool makes it a lot easier to track your goals in each of these areas.

The balanced scorecard template referred to in this video uses the following headings:
- Your objectives
- Your measures
- Your targets
- Your initiatives

This video explains briefly what a balanced scorecard is, how to use it in your strategic plan, a basic template anyone can use and a list of strategic objectives and KPIs.

Video Length: 7:23