Linking Balance score card to Performance Management System

Abstract

Abstract— As said by William Thompson(Lord Kelvin),1824-1907 , 'When you can measure what you are speaking about, and express it is number, you know something about it; but when you cannot measure it, when you cannot express it in numbers, your knowledge is a meagre and unsatisfactory kind'.

This research attempts to bring about a linkage between Balance score card and Performance Management through a process model. This can help to enhance your expert credibility within the organization by learning as much as possible about this subject. Balance score card help the organization to address two issues one is implementing organization strategy and secondly is performance management. Many a times even after very good systems we are not able to achieve the stated objectives the reason is the organization objective, and individual objectives are not linked properly. Thus after linking Balance score card with aperformance objective the organization can translate company's vision and strategies and link it to individual objective