Balanced Scorecard Perspective
Balanced Scorecard Perspective of Institutional Goals and Strategic Objectives
The balanced scorecard is a review, monitoring and reporting mechanism developed by Robert Kaplan and David Norton to ensure that strategies, interventions and actions are balanced. It identifies four key elements (perspectives) to assess the progress of and barriers to strategy execution. Relevant metrics should be specifically tailored, considering the organisation’s values and the required operational results (outputs). The BSC ensures that there is no bias towards one element of strategy execution above another. It is thus a reminder that interventions and actions have to, where practicable, involve all the necessary elements of the BSC.
The Institutional Goals and Strategic Objectives are arranged and viewed from a Balanced Scorecard Perspective are presented below: