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Business LibreTexts

6.8: Your Personal Balanced Scorecard

  • Page ID
    4799
  • Learning Objectives

    1. Develop a more personalized understanding of the Balanced Scorecard concept.
    2. See how your vision and mission can be linked to your goals and objectives.
    3. Be able to develop S-M-A-R-T goals and objectives.

    One of the powerful tools in a manager’s tool kit is the Balanced Scorecard, a model that groups goals, objectives, and metrics into the areas of financial, customer, internal business process, and learning and growth. As you know, the scorecard is effective because it helps managers link vision, mission, and strategy to the goals and objectives that employees strive to achieve. What you may not know, however, is that you can apply the scorecard to your personal and professional objectives. Through this process you might also learn more about where and how a Balanced Scorecard can be applied in an organizational context in your role as a manager or employee. That is the purpose of this section.

    Figure 6.13

    6.8-1024x605.jpg

    Personal goals and objectives are key ingredients in your drive to get ahead.

    StartupStockPhotos – Pixabay – CC0 public domain.