5 thoughts on “What does BSC mean?”

  1. BSC is the abbreviation of Balence Score Card, that is, balance points card.
    The balance of balance points card management was first introduced by the European and American management consulting companies in 1996, and it was swept through the country around 2000. In terms of calculation, BSC has also existed in China for 26-27 years. Many large and small companies have tried to try more or less to adopt a balanced points card management model, including success and failure. The practice of balance points cards in China for so many years shows that if you do not understand in -depth, blindly follow the trend, and failure is also a high probability event. But this is not to say that there is a problem with BSC. There is no problem with this tool itself. What is the problem is that people who use it do not know enough about the tools themselves.
    The basic core of the balance of points card is a set of high -level managers to quickly and comprehensively examine the performance evaluation system of the enterprise. Balanced score cards evaluate the performance of the company from the perspective: finance, customer, internal business process, learning and innovation. Financial indicators are the result of the pursuit of enterprises. The other three aspects (non -financial indicators) are the motivation for obtaining this result. Non -financial indicators are formed on the basis of considering the goals of stakeholders other than shareholders, and they consider all stakeholders. And the cause and effect relationship between financial indicators and non -financial indicators is explained in detail. The establishment of this causality solves the problem of chaotic relations between performance evaluation indicators in business management.
    It deep understanding of BSC, reviewing the development history of balanced points card is necessary. Balanced score card theory has undergone a successful transformation from performance measurement tools to strategic management cornerstone. BSC's earlier practice in the United States is to try to solve the most headache in human resource management, that is, performance management. With the rise of the concept of knowledge and economy, more and more companies attach importance to human resources have been strengthened, and they have also put forward increasing requirements for personnel performance assessment and management. In this context, BSC has to be used in some head companies. However, with the continuous deepening of BSC, people have found that they are limited to personnel performance management, and BSC cannot help enterprises develop well. Instead, it is discovered in continuous practice that the true value of the balance of points card management is more derived from the management of corporate strategy. Nowadays, more and more companies in European and American companies have applied the BSC model to corporate strategic management and project management, and have achieved huge success and benefits. Enterprises with innovative spirit not only clarify and communicate strategies with a balanced score card, but also use it to manage strategies. The senior managers of these companies regard the balanced score card as the core organizational structure of the important management process, including: formulate personal and team goals, salary systems, resource allocation, budget preparation and planning, and strategic feedback and learning. In fact, the balanced score card has evolved from a improved measurement system to a core management system.
    Since the theory of the establishment of a balanced score card in 1992, this epoch -making management concept has been widely spread and spread in countries around the world. According to the Gartner Research Group Studies, more than 40%of the companies in the previous wealth use the method of balanced score card in the management system.
    2500 Greek poet Orepisz has realized the balance of balance and life. The importance, he said: "The most important and safest thing is to maintain the balance of life and realize the great power around us and us. If you can do this and live in this way, then you can live, then you It is indeed a wise man. "Balanced scoring card theory realizes four aspects of organic coordination and balance: the balance of strategic and business management, the balance between finance and non -financial indicators, the balance of internal and external personnel, and the result and the development indicators balance. There are obvious lack of balance in the above four aspects. Balanced score cards can revolutionary changes in the performance evaluation of Chinese enterprises and even the entire enterprise management.
    Compared with traditional strategic management tools, what are the advantages of balance of points card management?
    The traditional strategic management tools are more focused on the issue of how to formulate the correct and suitable strategic goals, and rarely care about how to transform the strategy into action. In the past, the management of enterprises often found a problem: the company's strategic formulation and strategic implementation were disconnected. The balance of points card mode can just solve this problem well, and transform the company's strategic goals into the daily action of employees. The strategy is a process from macro to micro, from abstraction to specific processes. The concept of balanced score cards is based on the level, target Objective, measurement index Measure, target value TARGET, and action. The most basic concept. It is a specific constituent element: finance, customers, internal business processes, and learning and innovation. From a dynamic perspective, through four management procedures, the balanced score card makes the strategic goals of the enterprise transform into the daily action of employees. These four management procedures are: clarify and interpret vision and strategy; communication and contact; planning and formulating challenge target values; strategic feedback and learning.
    BSC's strategic management is another advantage that through BSC management, we have more full reasons to determine whether the current strategy is appropriate and whether it needs to be revised. This is essential for companies facing changes in the market. The old saying is good, the plan has not changed quickly, and the company must implement the adjustment strategy and plan according to the situation to survive and develop in fierce competition. Regarding this, there is another article on the expansion of the lecture, and we will not talk about it for the time being.
    The main content form and applicable object of the balance of points card. I will send another article link to you in detail

    BSC balance points card content and applicable object talk

    The more important BSC essence is a balanced integration card is a good strategic execution Management system. Many of the Miao Miao companies did not understand.
    I Introduction to you, I hope to help you
    bsc balance points card, once the scenery is infinite, is there still a shadow in strategic execution?

  2. BSC is the Balanced Score Card. It is one of the common performance assessment methods. It is from the perspective of finance, customers, internal operations, learning and growth. A new type of performance management system. According to the explanation, the balanced scoring card is mainly to achieve strategic planning through maps, cards, and tables, and the development of a balanced score card has experienced three generations of development.
    BSC is a performance assessment method

  3. Pay content for time limit to check for freenAnswer BSC Smart Contract Code-airdrop issuing-destruction-tokens-tokens are more mainstream and more popular code code

  4. BSC

    mainly contains four dimensions: finance, internal operations, customers, learning and growth. The advantage is to decompose strategic goals, form a specific measurement indicator, and consider the combination of finance, customers, short -term interests and long -term interests; the disadvantage is that the management foundation of the enterprise is high, the implementation is difficult, the assessment cost is high, and the BSC The system is huge, and it is difficult to reflect its role in promoting strategic goals in the short term. It is also difficult to effectively evaluate individuals, and personal performance is difficult to quantify.

  5. BSC is the BALANCED Score Card. It is one of the common performance evaluation methods. The mainstream economic management education has introduced the performance management model of the BSC balanced score card.

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