Types of BSC indicators
Posted: Mon Mar 17, 2025 2:56 pm
Measuring indicators with Balanced Scorecard
Indicators are measurable and useful data for making decisions. Therefore, they provide information that allows you to analyze the situation so you can take the most appropriate actions.
Measuring indicators provides a broader view of quantitative aspects, such as understanding buyers' experiences or evaluating the work environment.
However, for the measurement of indicators to be successful, linkedin database each indicator must have valid and reliable sources. Furthermore, it must have a forward-looking perspective so that it can contribute something valuable to the company.
It should be noted that depending on the type of perspective, the indicators will have different data.
In the case of business processes, indicators relate to process quality, such as product cost. From a customer perspective, indicators focus on meeting consumer needs.
When it comes to the financial perspective, indicators are analyzed from the accounting and finance perspective, focusing on capital increases, bond issuance, and even the company's liquidity or debt.
On the other hand, from the learning and growth perspective, the measurement of indicators is based on organizational processes such as the launch of new services, employee training, or cost savings through process innovation.
From this perspective, indicators can be useful for monitoring various strategic aspects of the organization to determine what next steps should be taken to improve or correct.
As you can see, the Balanced Scorecard can help resolve internal processes to ensure success in each of the company's objectives. Furthermore, by compiling all the information in a single space, you can obtain key insights and save time.
Indicators are measurable and useful data for making decisions. Therefore, they provide information that allows you to analyze the situation so you can take the most appropriate actions.
Measuring indicators provides a broader view of quantitative aspects, such as understanding buyers' experiences or evaluating the work environment.
However, for the measurement of indicators to be successful, linkedin database each indicator must have valid and reliable sources. Furthermore, it must have a forward-looking perspective so that it can contribute something valuable to the company.
It should be noted that depending on the type of perspective, the indicators will have different data.
In the case of business processes, indicators relate to process quality, such as product cost. From a customer perspective, indicators focus on meeting consumer needs.
When it comes to the financial perspective, indicators are analyzed from the accounting and finance perspective, focusing on capital increases, bond issuance, and even the company's liquidity or debt.
On the other hand, from the learning and growth perspective, the measurement of indicators is based on organizational processes such as the launch of new services, employee training, or cost savings through process innovation.
From this perspective, indicators can be useful for monitoring various strategic aspects of the organization to determine what next steps should be taken to improve or correct.
As you can see, the Balanced Scorecard can help resolve internal processes to ensure success in each of the company's objectives. Furthermore, by compiling all the information in a single space, you can obtain key insights and save time.