![]() There is also a wide range of additional tools that a modeler might find suitable when applying the technique in a particular context. This section lists the main tools available in Enterprise Architect that can be used to create and manage a Balanced Scorecard. The Strategic Modeling extension can be enabled by using the MDG Technologies window. Metrics should be defined for each perspective, and data collected and analyzed on a regular and ongoing basis to provide the information required by managers to intervene by adjusting business activity in an attempt to increase performance.Įnterprise Architect has support for the Balanced Scorecard with its Strategic Modeling extension, which allows a modeler to create a wide range of strategic diagrams including the Balanced Scorecard. The balanced scorecard suggests that an organization should be viewed from these four perspectives: It was discovered that just focusing on financial measures was not sufficient for modern enterprises in the information age and so three additional measures were added. The idea was originally expounded by Robert Kaplan and David Norton as a performance measurement framework that created a more 'balanced' view of organizational performance by adding a number of non-financial performance measures to traditional financial metrics. ![]() Balanced Scorecard is a strategic planning and monitoring mechanism to ensure that business activity aligns with strategic goals and - where it is found not to align - to adjust the business activities in an attempt to improve performance. ![]()
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