Corporater enables organizations to implement Balanced Scorecard methodology to identify and measure effective KPIs, link strategic initiatives with corporate strategy, and create a complete view of their organization’s performance. With Corporater Balanced Scorecard (BSC) software organizations can monitor their business performance from the key perspectives of Balanced Scorecard:
- Internal Processes
- Learning and growth
By using the BSC perspectives organizations may achieve a balanced view of their organization’s performance, identify areas for improvement, and take action to ensure that their strategic initiatives stay on track.
Each perspective builds on the previous one. If you train your employees and build a culture of information sharing (Learning and Growth), they’ll make your company run more smoothly (Internal Processes). A better running business takes better care of its customers (Customer), and happy customers buy more of what you are selling (Financial).
With Corporater BSC software, organizations may define several strategic objectives for each perspective and display them on a strategy map in the system. A clear visualization of strategic objectives provides everyone in the organization with a complete, comprehensive picture of the organization’s overall strategy. Displaying your strategic objectives on strategy maps also helps everyone understand the cause-and-effect relationship between the objectives.