Performance Management of Balanced Scorecards Information Technology Essay
Highlights on the evolution of the balanced scorecard as a model for managing strategy development and control. International e-Journal of Advances in Social Sciences, 602-606. Web. Terziev, V. Banabakova, V. Latyshev, O. amp Georgiev, M. 2017. Possibilities of application of the balanced scorecard in management and Balanced Scorecard BSC is an innovative approach that takes into account the financial and non-financial perspectives when determining of the organization's performance level. represents not only a The Balanced Scorecard Method BSC has become one of the most successful concepts in strategic performance management since the 1990s, as proposed by Kaplan and Norton. The Balanced Scorecard popularized by Kaplan and Norton 8 is one of the best known and most widely implemented performance management methodologies. It offers a holistic view of your business. The Balanced Scorecard is notable for its departure from using only short-term financial measures to predict performance. The four perspectives give leaders a balanced, comprehensive view of all the elements that influence success. It forces you to think about your organization from a financial perspective as the implementation of information technology IT in all aspects of business has changed the business landscape. Specifically, IT has brought about significant and major changes in the banking industry.