The classical (incorrect) interpreting BSC |
The correct interpreting BSC |
BSC is an indicator system |
BSC is a system of controlling an enterprise with indicators |
The developing BSC is conducted by the principle “top down”: it is from management to lower level staff |
BSC is a team-oriented system which engages all employees of an enterprise |
BSC is a controlling system |
BSC is oriented to the future that means it is a part of planning system. It helps to change the planning process to the operational managing level |
BSC has four main perspectives: “Interaction with clients”, “Finance”, “Internal business processes”, “Educational and growth” |
BSC has a big amount of perspectives included different number of multipurpose indicators for the determination of which is the specificity of an enterprise |
BSC is for managing the whole enterprise |
BSC can be applied at various levels of an enterprise (business one, unit, department). For the enterprise as a whole it is developed a kind of “pyramid” of indicators |