Balanced Score Card for Educational Institutions

Abstract

Balanced Scorecard is simply a concise report featuring a set of measures that relate to the performance of an organization. By associating each measure with one or more expected values, managers of the organization can be alerted when organizational performance is failing to meet their expectations. The main objective of the present paper is to present a Balanced Score Card for educational institutions. It provides a framework that translate the educational institutes vision and strategy into a comprehensive set of performance measures. In today's knowledge-based economy and dynamic environment, it is essential for universities as the centers of education, also to implement Balanced Score Card in its organization as it can act as a powerful model for strategic positioning and analyze all aspects of the organization evenly.