{"id":1375,"date":"2020-07-01T06:46:25","date_gmt":"2020-07-01T06:46:25","guid":{"rendered":"https:\/\/www.smartsims.com\/support\/?post_type=ht_kb&#038;p=1375"},"modified":"2020-08-14T02:18:20","modified_gmt":"2020-08-14T02:18:20","slug":"balanced-scorecard-mikesbikes-accounting","status":"publish","type":"ht_kb","link":"https:\/\/www.smartsims.com\/support\/article\/balanced-scorecard-mikesbikes-accounting\/","title":{"rendered":"What is the Balanced Scorecard?"},"content":{"rendered":"\n<p>The balanced scorecard is a tool developed by your Board of Directors to measure the performance of your company&#8217;s strategy.<\/p>\n\n\n\n<p> In <a rel=\"noreferrer noopener\" aria-label=\"MikesBikes Accounting (opens in a new tab)\" href=\"https:\/\/www.smartsims.com\/business-simulation\/mikesbikes-accounting\/\" target=\"_blank\">MikesBikes Accounting<\/a> there are <a rel=\"noreferrer noopener\" aria-label=\"twelve Key Performance Indicators (KPI) (opens in a new tab)\" href=\"https:\/\/www.smartsims.com\/support\/article\/kpi-targets-mikesbikes-accounting\/\" target=\"_blank\">12 Key Performance Indicators (KPI)<\/a> grouped into four categories; Finance, Customer, Process, and Learning &amp; Growth. Each KPI has a set objective (minimum or maximum) which reflects how successful your strategy is. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2020\/08\/KPIs-2.png\" alt=\"balanced scorecard with twelve kpi listed\" class=\"wp-image-1395\" width=\"277\" height=\"519\" srcset=\"https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2020\/08\/KPIs-2.png 277w, https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2020\/08\/KPIs-2-160x300.png 160w, https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2020\/08\/KPIs-2-27x50.png 27w, https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2020\/08\/KPIs-2-32x60.png 32w, https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2020\/08\/KPIs-2-53x100.png 53w\" sizes=\"auto, (max-width: 277px) 100vw, 277px\" \/><\/figure><\/div>\n\n\n    \t\t<div class=\"hts-messages hts-messages--success   hts-messages--withicon \"   >\r\n    \t\t\t    \t\t\t    \t\t\t\t<p>\r\n    \t\t\t\t\t The success of your strategy will be determined by achieving the <a href=\"https:\/\/www.smartsims.com\/support\/article\/kpi-targets-mikesbikes-accounting\/\"><strong>12 Performance Targets<\/strong><\/a> which have been set by your Board of Directors. .    \t\t\t\t<\/p>\r\n    \t\t\t    \t\t\t\r\n    \t\t<\/div><!-- \/.ht-shortcodes-messages -->\r\n    \t\t","protected":false},"excerpt":{"rendered":"<p>The balanced scorecard is a tool developed by your Board of Directors to measure the performance of your company&#8217;s strategy. In MikesBikes Accounting there are 12 Key Performance Indicators (KPI) grouped into four categories; Finance, Customer, Process, and Learning &amp; Growth. Each KPI has a set objective (minimum or maximum)&#8230;<\/p>\n","protected":false},"author":3,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"ht-kb-category":[38],"ht-kb-tag":[],"class_list":["post-1375","ht_kb","type-ht_kb","status-publish","format-standard","hentry","ht_kb_category-mikesbikes-accounting-simulation"],"_links":{"self":[{"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb\/1375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb"}],"about":[{"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/types\/ht_kb"}],"author":[{"embeddable":true,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/comments?post=1375"}],"version-history":[{"count":7,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb\/1375\/revisions"}],"predecessor-version":[{"id":1467,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb\/1375\/revisions\/1467"}],"wp:attachment":[{"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/media?parent=1375"}],"wp:term":[{"taxonomy":"ht_kb_category","embeddable":true,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb-category?post=1375"},{"taxonomy":"ht_kb_tag","embeddable":true,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb-tag?post=1375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}