The Balanced Scorecard - What are the advantages for ADMECO?

The Balanced Scorecard (BSC) is a management framework that integrates financial and non-financial measures to translate a company's mission and strategy into actionable objectives. Developed in the early 1990s, it serves as a communication and learning tool rather than a control mechanism, enabling organizations of all sizes to align their operations with broader corporate strategies. By emphasizing key measurements, the BSC empowers businesses to connect current actions with future goals, fostering strategic alignment and performance improvement.