Benefits : An organization can derive the following benefits by implementation of BSC :
(a) It avoids management reliance on short term financial measures.
(b) It can successfully communicate corporate strategy to the functional heads and organization’s subunits and forcing them to develop their own goals.
(c) It can assist stakeholders in evaluating the firm if measurers are communicated externally,
(d) It helps in focusing on the whole organization on the few key things needed to create breakthrough performance.
(e) It helps in clarifying and updating budgets.
(f) It helps in identifying and aligning strategic initiatives.
(g) It helps in the conduct of periodic performance reviews to learn about and improve strategy.