Scorecard - Balanced Scorecard | Dashboard Visual Indicators

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Scorecard - Balanced Scorecard

The Balanced Scorecard is a business model, as well as a KPI tool. The balanced scorecard shows KPI targets which a business sees as short-term ideal values.

These targets are given a weighting based on importance. The weighted values are then totaled up to show a percentage value which represents how close the company is to reaching its ideal status. The goal for this status is 100%.

In a balanced scorecard, a target value is more like an ideal value for company performance. KPIs need to be created specifically for the balanced scorecard approach.

For more information, see this article: “http://www.balancedscorecard.org/BSCResources/AbouttheBalancedScorecard/tabid/55/Default.aspx