Defining your Balanced Scorecard Strategies

The balanced scorecard is an approach to future planning. A business scorecard starts with a vision defining where the company is heading in the long term and a mission to justify its existence in the shorter term. Balanced scorecard strategy is the top level of decision making for the changes necessary throughout the organization to achieve the vision in a defined period of time. Scorecard strategies wont necessarily be equally important. "20-20" uses weightings to designate the strategy's importance.