* Balanced Scorecard Overview: The balanced scorecard is a strategic management tool that provides a comprehensive view of an organization's performance by tracking key financial and non-financial indicators across four perspectives: financial, customer, internal processes, and learning and growth.
* Alignment with Mission: By reviewing the balanced scorecard, the HR director can quickly assess how well the organization is meeting its mission and strategic objectives. It provides a holistic view of organizational performance and helps in identifying areas needing improvement.
* Key Performance Indicators (KPIs): The balanced scorecard includes KPIs that are aligned with the organization's mission and goals, making it a useful tool for monitoring progress and ensuring that all activities are contributing to the overall mission.
* Strategic Decision-Making: Using the balanced scorecard helps in making informed strategic decisions by providing a clear picture of organizational performance and alignment with the mission.
References:
* SHRM-SCP Exam Content Outline
* SHRM guidelines on strategic management and balanced scorecard utilization