This article examines why a BSC includes report decision factors, which are important for the management. Corporate governance must be viewed regularly specific reports. One of them is the BSC report. This provides information that is needed every day. The balanced scorecard helps the management to be up to date on the performance or efficiency of the company. For this, a number of factors are measured. The Organization must meet all of these factors.
The management reviewed these factors very closely. The staff can track turn the progress of the entire company on the basis of the BSC reports. Another important reason for the use of these reports the BSC are forecasts. Through a comparison of results, management can better predict their next steps. As a result, also a different approach can be developed if the company gets into trouble.
You can hold but also on the strategy, which the company to now has led to success. The balanced scorecard can determine exactly which business actions bring benefits and which should be changed by them. A further advantage of BSC reports is that generates the data daily. Thanks to this report, one can easily judge how the shops are gone during the day. In addition, it can be detected that the company is weak. Is therefore a balanced scorecard set up the executives should highlight those factors, which they see as essential for the company’s growth. Simplifies these tasks with the help of the balanced scorecard, it will be even easier, to consolidate the success situation of the company. This also depends on whether the selected success factors are co-ordinated. The BSC forecasts are also for the establishment of important components of the balanced scorecard by importance. This is another reason that a BSC report on the part of the company should be created. The different areas can Business transactions are monitored. On the other hand, internal processes from multiple perspectives can be assessed. Depend, for example, the finance and business development by the customers of the BSC will visualize this relationship in the company report. Therefore, they should be carried several examinations and tests before the introduction of the balanced scorecard to identify whether the report can track the targets of the company. These objectives are then serve as the guidelines and make recognizable whether the management well doing his thing at the management or not. As an employer the corporate governance should know at any time about the current situation of the company. Correct decisions when events should be made that were not expected, as well as specific problems for which solutions must be found. This is also an important reason that a reporting system with the help of BSC should take place. Business owner must make sure that they themselves understand where your company is, to make strategically correct decisions. Once the balanced scorecard contains all the necessary information, key figures will deliver all data, which are for the companies of importance. In this way you will have all business perspectives, bringing the company to further growth. Are the guidelines laid down in the BSC is not met, the can must discussion be conducted between the workers and employers in the context of a meeting, which measures for the continued success and growth.