- Balanced Scorecard
Balanced Scorecard
Create a balanced scorecard online
Unlock valuable business insights with balanced scorecards. Create one with Canva’s online whiteboard tool and explore key areas like processes, finances, growth, and customer satisfaction. With a suite of collaborative tools, our balanced scorecard creator makes strategic planning a breeze.
Infinite space made for unlimited ideas
Professionally designed templates to fast-track your workflow
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Run a workshop with whiteboard elements, sticky notes, and a timer
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Easy online whiteboard tools and data visualization
How to create a balanced scorecard
What is a balanced scorecard?
A balanced scorecard (BSC) is a strategic management tool for analyzing and evaluating a company’s performance. Developed by Robert Kaplan and David Norton in the early 1990s, it provides a balanced, comprehensive view of an organization’s success using four main perspectives: internal process, financial, customer, and learning and growth. Many companies rely on the balanced scorecard to align their actions and activities with their overall vision.
Why use balanced scorecards?
Balanced scorecards help businesses better understand their performance by considering both financial and non-financial measures. This holistic view can be used to track their progress toward achieving their objectives and identify areas where strategic improvements are needed.
Start from a simple scorecard template, then collaborate with your team to map objectives and measures before analyzing your performance. Share the results with stakeholders and craft new initiatives for long-term, sustainable success.
Strike a balance with scorecards
Strike the perfect balance between your key objectives and performance using a BSC or balanced scorecard. Use free templates from Canva Whiteboards to outline your goals across the four perspectives, set targets, and then arrange them into a visually compelling format. With our straightforward editor and data visualization tools, effortlessly craft a scorecard that drives your business forward.
Score big with design
When it comes to business scorecards, design matters. Play your cards right for success by making the best use of visuals. Sketch your strategy map using Draw(opens in a new tab or window) and let Shape Assist dole out perfect squares or arrows. Use Magic Write(opens in a new tab or window) to fine-tune your KPIs and action plans, then sort elements using colors. Tweak every detail of your scorecard template to echo your brand and bring your data to life.
Balance substance with style
Delve deeper into your goals and KPIs with scorecards that turn weighty information into stunning insights. Display performance data with neat tables and charts. Add explanations and details using our text tools and place them alongside each element. Then, access a library of symbols and icons in our balanced scorecard maker to style your whiteboard your way and bring your core message across.
Go full score ahead
Whether on the field or in business, every play counts. Do more than edit a scorecard example and collaborate with your team to craft a winning strategy. Canva Whiteboards gives you infinite space to grow your ideas with real-time cursors, stickies, and special whiteboard graphics. Lead KPI discussions or strategy meetings to hone your scorecard, then share it online or present it in full screen.
Start inspired with a balanced scorecard template
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Frequently Asked Questions
- It’s important to have a balanced scorecard to measure and monitor your performance as a business in one easy diagram. It saves you time and resources by collating all your data in one report. With a balanced scorecard, you’re able to spot inefficiencies and address them by developing action plans to minimize them. Use our free balanced scorecard templates to make a quick report on your performance metrics.
- A balanced scorecard looks into four indicators: financial data, customer perspectives, internal processes, and learning and growth. These mix of financial and non-financial perspectives affect business growth and measure your performance in one report.
- When you create a balanced scorecard, you are able to track and measure your performance as a business and financial data. In doing so, you can see which areas you need to improve and develop action plans to ensure quality service and strengthen financial health. You are then able to share these next steps and communicate your goals to employees and stakeholders effectively.