Deliverables for this assignment are: 1. design a balanced scorecard 2. develop an executive summary
Having a solid business plan is essential for the direction your new company will follow through fruition. Equally important is to ensure adherence to the business plan is maintained throughout the venture. Therefore, a tool for the purpose of tracking the progress of your business venture to the business plan is needs. The balanced scorecard is a strategic planning and management system that is used extensively in business and industry. It keeps business activities aligned with your business plan, strategy, vision, and venture concept. It can also improve internal and external communications, and monitor organization performance against strategic goals (Balance Scorecard Institute, 2014). Using your textbook and external resources, design a balanced scorecard for your new business venture.