Balanced scorecard Essay Example | Topics and Well Written Essays - 2000 words

Balanced scorecard - Essay Example For the charity organization, development of balanced scorecards aids in ensuring that the mission, vision and objectives of the organization are achieved. For this case, the organization runs activities that aim at funding and taking care of children that have difficulties. The organization provides services that enable these organizations to run smoothly and ensure that these students are offered the best in relation to education. The details of this study aim at discussing a balanced score card for the charity organization and the application through which the organization can improve its services and remain focused to enriching these people with learning difficulties with the actual skills they need for everyday life. The details provide a balanced scorecard that the organization relies on to lead its operations. Balanced scorecards aid at eliminating darkness in an organization. Darkness in its operations and creating a clear path for the following of the organization to aid achieve their goals. The development of these targets oriented with annual assessment means has worked to provide the necessary yardstick to measure an organization’s performance. The balanced scorecard also aids in the consideration of the Metric-Driven Incentives that consider focus more on the financial aspects of an organization that range from increasing profits to reducing operational costs. The charity organization runs its activities through the funding obtained from personal budgets. The proceeds from the canteen provide for the smooth running of the services of the company hence providing for the financial needs of the company (McCarthy & Chapman, 2013). Relating to the above, a balanced scorecard relates to a business document that is in the strategic planning and management system for the alignment of business operations with relation to the vision statements and the mission that the