The application of balanced scorecard in the performance evaluation of Essay

The application of balanced identity card in the performance evaluation of higher education - Essay ExampleIn the causal agency of non-prot organizations, the BSC lays huge emphasis on customer satisfaction and therefore a priority is given in all matters regarding to customer services. in organizations where a financial crisis is a daily affair, their BSC prioritized financial perspective. Focusing on disparate prioritization perspective of BSC, organizations have an opportunity to allocate resources appropriately with minimal wastage or fraud. The study case has also provided a platform for non-profit organizations to measure how they perform. In this, performance measure indicators (PMIs)are applied as indicators of efficiency. Again, different definition of PMIs can be adopted to fit the objectives of the business. In case of institutions of higher learning, student/ mental faculty ratio and Ph.D ratio PMIs are appropriate. For manufacturing concern, customer satisfaction is a pplicable while service delivery PMIs whole caboodle with non-prot organization.Though implementation of the BSC has not been effected in Taiwan and other developing countries, the States and Europe are already reaping its benefits. BSC is yet to gain momentum and relevant in third realness countries. However, this study has clearly demonstrated that BSC can be instrumental in delivering positive changes in strategic and performance management in higher learning institutions. Furthermore, the study has recommended that senior management and supervisors must in full support the implementation of system managing tools, otherwise they are destined to failure. In conclusion, institutions should me motivated by their pile and mission so that they are run like any other business where efficiency is extremely