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Example of Nonprofit Balanced Scorecard with 14 KPIs

bscdesigner.com · 2,217 words · saved by 1 readers

Review an example of the non-profit scorecard: learn how nonprofit organizations can use the Balanced Scorecard framework, find out what objectives and indicators should be mapped in the financial perspective. Recently I was approached by an executive director of a nonprofit who asked me about the possibility of the Balanced Scorecard implementation in their organization. His biggest concern was about the financial perspective; and for sure, most standard financial indicators were not applicable in their case. My answer was short: “If you have a strategy and you want to execute it effectively, then you can design and implement a BSC for your nonprofit.” In this article I’d like to show how government and nonprofit organizations can adapt the Balanced Scorecard approach, and what to do with the financial perspective of the BSC. As always, a good example will help to illustrate my points. There are two reasons for this. First of all BSC helps to describe a strategy, focus actions on what

Review an example of the non-profit scorecard: learn how nonprofit organizations can use the Balanced Scorecard framework, find out what objectives and indicators should be mapped in the financial perspective. Recently I was approached by an executive director of a nonprofit who asked me about the possibility of the Balanced Scorecard implementation in their organization. His biggest concern was about the financial perspective; and for sure, most standard financial indicators were not applicable in their case. My answer was short: “If you have a strategy and you want to execute it effect

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