A Balanced Scorecard is a strategic performance and management framework used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals. The Simulated Workplace's Balanced Scorecard will be used to calculate the Company's profitability, based on financial, business processes, learning and growth, and customer service.
Balanced Scorecard Breakdown
- Strategy: creating a workplace setting, focusing on knowledge, disposition and the impact on organization and personal success
- Areas of Measure: these areas and sub-categories will be combined to make up each program's rating
|Financial||Business Processes||Learning and Growth||Customer|
|1. Program Retention/Completers||1. Attendance||1. Academic Growth||1. Business/Industry Perception|
|2. Percent of State CTE Standards met||2. Drug Free||2. Computer Literacy||2. Community Service Projects|
|3. Industry Stacked Credentials or Educate WV Average Score||3. Professionalism||3. Safety/OSHA Training||3. Communication Skills|