The importance of Teamleader in a Balanced Scorecard

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Measuring and managing a company based only on some financial indicators gives you a very limited vision of the reality of your company. This is what two American consultants concluded when considering the balanced scorecard. But what is it? In this article we are going to inquire about this concept and its importance. The balanced scorecard emerges as a deeper control and administration system than the typical financial analysis . And it is that Phone Number List in a market like the current one, managing a company taking into account only the current income and expenses, is to be left with a partial and short-term vision of the reality and potential of a business. And it is that, at present and remembering our article on the value chain , intangible assets such as attracting and motivating talent, the use of technology or customer knowledge are increasingly important when considering the competitive advantage that your company has.



Understanding the Balanced Scorecard In this way, and like the value chain, the Balanced Scorecard is a management and control system that is based on relating different objectives of the company and measuring them through the indicators or KPIs available to the company. These objectives are always linked to action plans that allow the company's efforts to be measured and aligned in order to achieve the competitive advantage it is seeking. The main objective of a balanced scorecard is to involve all workers in achieving the objectives and that they themselves see the relationships that exist between their personal, departmental objectives and those of the company in general. Therefore, the balanced scorecard is a methodology that rests on the principle of transparency and horizontality within the company.