Question & Answer: BENEFITS OF THE BALANCED SCORECARD TO ANY EDUCATIONAL INSTITUTION?…..

Solution

Q1: What is balance Scorecard?

Solution: Balance Scorecard is a management strategy tool which is used to enhance the inner functions and activities of the business organisation to facilitate overall efficiency and effectiveness. Some of the key elements on the basis of which the overall performance of the organisation is evaluated under balance scorecard:-

>financial

>customer

>process

> learning

Q2: Benefits Of The Balanced Scorecard To Any Educational Institution?

Solution: There can be many benefits of applying balance scorecard to any educational institutions:-

1. Securing and stabilising finance through academic events and donations etc. (Finance)

2. To increase the satisfaction among students in the educational institution. ( Customer)

3. To enhance the learning outcomes of the students in the institutions. (Process)

4. To polish the knowledge and skills of the faculty in the organisation. ( Learning)