The balanced scorecard helps managers direct diverse corporate goals to achieve the desired outcomes. It provides extreme focus and accountability to a company, two very powerful attributes in any economy.
Mohammed Ashraf, Head of Inkture Consulting said ‘The Extended Balanced scorecard solution with QPR 7.1 incorporates new features and host of new addons to keep a company focussed on both its long and short term objectives’.
He added: ‘Using the Balanced scorecard, an organization and department can see how its performance contributes to larger corporate goals. Budgeting can be tied to the scorecard, additionally aligning resource allocation to corporate strategy. Finally, since the scorecard includes both financial and other measures, management can see how decisions can affect not only the financial measures but also the general health of the company.’
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