Companies must boost performance

Small and medium-sized enterprises should use the Balanced Scorecard, a strategic performance measurement tool and semi-standard structured report, to achieve greater success, a seminar heard in HCM City yesterday.

Alan Fell, a Certified Balanced Scorecard Master Professional, said the BSC provides a framework that encourages the use of both financial and non-financial measures of performance, allowing businesses to pinpoint their strategic objectives by balancing four perspectives – financial, customers, internal business processes, and learning and growth – to measure their performance.

It also enables organisations to translate their vision and strategy into action, he said.

Tags: Vietnam companies, Vietnam enterprises

Posted by VBN on May 21 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry