Balanced Scorecard Simulation
The Balanced Scorecard framework is comprised of the interrelationships between four perspectives on a business: Financial, Customer, Internal Business Process and Learning & Growth. Understanding the cause and effect linkages between these four arenas is critical to making effective use of a scorecard in “telling the story” of your organization`s strategy.
The software used in the simulation, makes it easy to include both the “hard” and the ”soft” variables that are essential to any scorecard. The software`s simulation capabilities then enable you to sanity-check the strategy you`ve charted out on paper under a wide range of alternative scenarios. The software is a powerful tool to put in your scorecard toolkit.
The Balanced Scorecard simulation is based on a dynamic scorecard, incorporating the four perspectives into a rigorous simulation that is used to explore the implications of different strategic effort.
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