The beauty of the balanced scorecard is that one can easily use and adapt it to many office software on your computer. It has truly evolved from being just a simple way to measure the performance of an organization into what it is right now – a fully blown planning and strategic management system that is very useful to many leaders and business executives in both large- and small-scale organizations. This newly designed scorecard is able to transform the strategic planning of an organization from a plain one into an attractive one as aligned with the marching orders of the organization’s daily grind. It provides the organization a framework that does performance measurements and lets the users figure out which factors or variables ought to be scaled and measured.
Simply put, it allows many business executives a great opportunity to fully execute their strategies. And what’s more, working becomes so much easier with the integration of Microsoft Excel with the balanced scorecard concept – especially since there are many online tutorials that make use of time in a more efficient manner instead of having to read thick manuals. Using excel with your balanced scorecard can give you more ideas on how to choose the right balance of measures for your work, as well as identify what measures other companies use for their own systems. Using the balanced scorecard template for Microsoft excel can help you meet strategic objectives that are top level quality, including the supporting objectives of the other departments as well.