The Balanced Scorecard - Simplest explanation ever

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  • เผยแพร่เมื่อ 1 ก.ค. 2024
  • The Balanced Scorecard - Simplest explanation ever
    The Balance scorecard is very relevant in terms of business studies, business tutorials, business meetings and just overall in the world of business. This video covers all the perspectives of the
    Balanced Scorecard and makes it easier for people to remember it.
    If you love the content here or found this video useful, useful, feel free to buy me a coffee! Your support will be highly appreciated! :)
    www.buymeacoffee.com/mistersi...
    Please like our Facebook page and support us:
    / mistersimplify
    This simple video is derived from expert input and the presentation style is deliberately kept simple and concise as always.
    Please like & share the video and subscribe to this channel to express support. I intend to dedicate time and resources to improve the quality & presentation of future content.
    Music: www.bensound.com

ความคิดเห็น • 192

  • @zackterm8886
    @zackterm8886 2 ปีที่แล้ว +24

    Not sure if you’re still looking at comments but this really helped me with my accounting coursework and summed it up very well for me. Keep up the good work 👍🏾

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว +2

      Hello Zack. Yes I do look at every single comment, and respond to most. I sometimes slip for a few days, but always do catch up. So I appreciate your comment, and will encourage you to check other content here too. In terms of more tutorials, more are definitely on their way in the new year. Cheers! 👍👍🙂

  • @No.ThatPrettyGirl
    @No.ThatPrettyGirl 3 ปีที่แล้ว +2

    PERFECT, to the POINT explanation.
    THANK YOU❣️

  • @naaameley3788
    @naaameley3788 3 ปีที่แล้ว +7

    Excellent explanations on the Balance Scorecard. Well done.

  •  4 ปีที่แล้ว +6

    Thank you! This was very helpful and easy to undestand for a non-English speaker, helped with my basic business/BSC studies :)

    • @MisterSimplify
      @MisterSimplify  4 ปีที่แล้ว

      Thanks Taru! This is the reason I speak slowly and try to be clear! :)

  • @sujitdipta
    @sujitdipta 4 ปีที่แล้ว +3

    Nicely Explained, crisp delivery with good examples.

  • @akritigupta9104
    @akritigupta9104 4 ปีที่แล้ว +12

    Thank you...this was so helpful and understandable.

  • @davidvargas5996
    @davidvargas5996 4 ปีที่แล้ว +5

    The best explanation so far what balance score card is !!!!

  • @arkay3804
    @arkay3804 2 ปีที่แล้ว +11

    This was indeed simpler than my textbook literature. Thank you for this lecture!! 👍

  • @amberriley7633
    @amberriley7633 3 ปีที่แล้ว +34

    Watching all the ads without skipping so hopefully you earn something ♥️

    • @MisterSimplify
      @MisterSimplify  3 ปีที่แล้ว +4

      Thank you very much Amber! That's really nice of you! I hope I can continue making quality tutorials live up to your expectations. Take Care! :)

    • @dr.e.palani2005
      @dr.e.palani2005 2 ปีที่แล้ว

      @@MisterSimplify OK Sir

    • @NazriB
      @NazriB 2 ปีที่แล้ว

      Lies again? Hello DBS

    • @mattdimartino648
      @mattdimartino648 2 ปีที่แล้ว

      I don’t think I works like that

  • @13MittaMitta13
    @13MittaMitta13 3 ปีที่แล้ว +1

    The tile made me laugh XD. Just added it as a source in my project haha. Thanks m8.

  • @geostormy001
    @geostormy001 2 ปีที่แล้ว +1

    Your video helped me a lot. Never really understood this topic fully. This video was easy to grasp, short and to the point. Keep up the great work! ❤❤

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว +1

      Hello! That's great! This is the very purpose of this channel. I am happy to know that it's working. Pls keep supporting! Cheers!

  • @poojapai6021
    @poojapai6021 4 ปีที่แล้ว

    Thank You for the concise video!

  • @HabibRahman-jf7lp
    @HabibRahman-jf7lp 4 ปีที่แล้ว +1

    salute for your clear and deliberate explanation

  • @beulahjoseph151
    @beulahjoseph151 2 ปีที่แล้ว

    Perfect explanation. Easy to understand and remember. Thank you

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว

      You're most welcome buddy! Hope it's good enough to be shared with friends and peers! 🙂

  • @uzomaanosike21
    @uzomaanosike21 4 ปีที่แล้ว

    Just as the title, well explained. Fantastic for a beginner.

  • @sameermalik9
    @sameermalik9 4 ปีที่แล้ว +1

    Very good! better than BS my prof is trying to feed. BIG Thank you!

  • @OperaticDary
    @OperaticDary 3 ปีที่แล้ว

    Thank you, very helpful.

  • @naquelamarie
    @naquelamarie 4 ปีที่แล้ว +3

    Thank you!

  • @haftomkahsay7076
    @haftomkahsay7076 4 ปีที่แล้ว

    Thank you for Your great Explanation

  • @fatyelazhari276
    @fatyelazhari276 3 ปีที่แล้ว

    This video was very helpful! thank you!

  • @kittenskorner
    @kittenskorner ปีที่แล้ว

    Thank you so much for this video. It has helped me to understand how a Balanced Scorecard is helpful to any company. Easier to understand than the information in my textbook

    • @MisterSimplify
      @MisterSimplify  ปีที่แล้ว

      You're most welcome! We live in such an interesting with access to different media to understand concepts. It's great! Do check out some other content here! 😊

  • @bradinfluence3996
    @bradinfluence3996 2 ปีที่แล้ว

    Very helpful and explained well, thank you!

  • @moonoman
    @moonoman 4 ปีที่แล้ว +3

    Many thank, it was clear

  • @dr.e.palani2005
    @dr.e.palani2005 2 ปีที่แล้ว +1

    Much informative Sir.
    Thank you

  • @syedarmaghanhassan4652
    @syedarmaghanhassan4652 3 ปีที่แล้ว +2

    Thanks for sharing. Best explanation ever. It was so clearn and simply put. I am big on Einstein's Quote: If you can't put it simply, you don't understand it good enough.
    In other videos, people are going from left and right and touching all the topics: This video hits the bull's eye. Saves time and is hence very efficient. All it took was 11 minutes to get 100% clarity on Balanced Scorecard.

    • @MisterSimplify
      @MisterSimplify  3 ปีที่แล้ว +2

      Hi Syed. Thank you so very much for your kind words. Your words encouraged me for sure. I will continue on this journey to simplify concepts. Please let me know if you wants any topics covered, and do share the content here so that it benefits others too! :)

    • @syedarmaghanhassan4652
      @syedarmaghanhassan4652 3 ปีที่แล้ว

      @@MisterSimplify Most Welcome. Thanks for your kind response. Sure thing.
      Suggestion: Process Mapping with UML Diagrams (e.g. Activity diagram, class diagram, sequence diagram etc.)
      I did not suggest them to you coz there is no information available on youtube regarding this; there is. I suggested it to you because I am sure that you can explain them in the best possible way- the simple way. This would also give you more audience in your lectures.
      God bless you. Keep posting good stuff.

    • @MisterSimplify
      @MisterSimplify  3 ปีที่แล้ว +1

      @@syedarmaghanhassan4652 I've added this to my pipeline for you. I'll let you know when they are ready. :)

  • @lesliethompson1076
    @lesliethompson1076 2 ปีที่แล้ว

    Helpful for my Financial Management and Analysis class. Thanks!

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว

      Really glad I could help! Keep up the support! 😊

  • @patriciausifo311
    @patriciausifo311 8 หลายเดือนก่อน

    Thanks short and straight to the point

  • @dr.e.palani2005
    @dr.e.palani2005 2 ปีที่แล้ว

    Sir
    Clearly explained the concept of balance score card.
    Thank you

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว

      You're most welcome. Glad I could help! :)

  • @abdullahalsawae4573
    @abdullahalsawae4573 4 ปีที่แล้ว +1

    so is it like an official paper with a format or just a theory

  • @NaveenSingh-nz7vk
    @NaveenSingh-nz7vk 4 ปีที่แล้ว

    Very good and effective content

  • @mr.harsheshpatel4815
    @mr.harsheshpatel4815 2 ปีที่แล้ว +1

    Very well explained in a simple way. Thank you. Harsheshkumar Ramanlal Patel
    Assistant Professor
    S. R. Luthra Institute of Management, Surat, Gujarat.

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว

      Hi Harshal. Thank you very much for your feedback. Pls feel free to recommend topics you want covered.

  • @apiyoogubala1206
    @apiyoogubala1206 2 ปีที่แล้ว

    very well simplified. Thank you.

  • @yougiovesjotube
    @yougiovesjotube 3 ปีที่แล้ว +1

    really good explanation!

  • @sarth_shanbhag
    @sarth_shanbhag 2 ปีที่แล้ว +1

    Thank you so much..this is blessing before exams!

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว +1

      You're most welcome! And I wish you luck for your exams! 👍👍

    • @officialtroller-
      @officialtroller- 2 ปีที่แล้ว

      which exam

  • @kaushallyahathurusinghe4889
    @kaushallyahathurusinghe4889 3 ปีที่แล้ว

    Best explanation on balance scorecard.

  • @katieeeeeee011
    @katieeeeeee011 3 ปีที่แล้ว

    Thank you so much for this

  • @dr.kausarunnisa5728
    @dr.kausarunnisa5728 2 ปีที่แล้ว

    Excellent presentation on Balance Scorecard. Thank You.

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว

      You are most welcome! Thank you for the support!

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว

      Pls feel free to recommend topics you want covered.

  • @hooby4000
    @hooby4000 2 ปีที่แล้ว +1

    The best explanation ever sir🙏❤️

  • @najyhayoung864
    @najyhayoung864 ปีที่แล้ว

    Wow Balance scorecard made easy. Very educative thumbs up.👍🙏🏻

  • @deeptisutar25
    @deeptisutar25 2 ปีที่แล้ว

    Very well explained ☺️

  • @amberriley7633
    @amberriley7633 3 ปีที่แล้ว

    Thank you so much !!!

  • @adeboyeakinsola768
    @adeboyeakinsola768 4 ปีที่แล้ว

    Very helpful

  • @Fegranata
    @Fegranata 2 ปีที่แล้ว

    Thank you very much!!! Very helpful

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว

      You are very welcome. Please keep supporting! 😊

  • @mjselfmadehimself
    @mjselfmadehimself 2 ปีที่แล้ว

    thank you so much for your clarification! well done

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว +1

      You're most welcome, MJ! Pls keep supporting! 😊

  • @lathaa5209
    @lathaa5209 2 ปีที่แล้ว

    Excellent presentation Thank you sir

  • @nupurgautam1
    @nupurgautam1 4 ปีที่แล้ว +2

    good effort

  • @rizwanhabib6972
    @rizwanhabib6972 3 ปีที่แล้ว +1

    Nice delivery skills..... have u made any video for Building Block Model?

    • @MisterSimplify
      @MisterSimplify  3 ปีที่แล้ว

      Hi Rizwan. The Building Block Model hasn't been covered yet. I have added it to the pipeline for you!

  • @hakimhusein5177
    @hakimhusein5177 4 ปีที่แล้ว

    thank you very much

  • @ntcuong01ct1
    @ntcuong01ct1 3 ปีที่แล้ว

    Dear friends, I have a question: I want to display the core competency of a company through strategy map, balanced scorecard. Could you help?. Thank you.

  • @preciouskachingwe7952
    @preciouskachingwe7952 2 ปีที่แล้ว

    well explained chief, excellent lecture

  • @yashaswinisingh7329
    @yashaswinisingh7329 2 ปีที่แล้ว +2

    I have my exam tomorrow and you made it easier to understand... Bless you and thank you so much 😭🙏

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว

      You're most welcome! I am glad I could help. I hope your exam went well. Stay subscribed and keep sharing! ☺

  • @thisararathnayake2828
    @thisararathnayake2828 4 ปีที่แล้ว +1

    good lecture

  • @viggoGodisgreat
    @viggoGodisgreat 2 ปีที่แล้ว

    great video, thank you for posting

  • @vijaynikamthakur3916
    @vijaynikamthakur3916 2 ปีที่แล้ว +1

    balanced our knowledge perfectly

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว

      I highly appreciate your feedback. Pls feel free to recommend topics you want covered. :)

  • @ntcuong01ct1
    @ntcuong01ct1 3 ปีที่แล้ว

    Dear friends, I want to setup link between the financial budget and the balanced scorecard. How do I setup?.

  • @jaiganeshd6499
    @jaiganeshd6499 2 ปีที่แล้ว

    Thank you for the nice session

  • @ramdeepkaur1754
    @ramdeepkaur1754 4 ปีที่แล้ว +1

    Tq 👌👌

  • @sigaming675
    @sigaming675 2 ปีที่แล้ว

    Thank you for making this video

  • @flowerseason8
    @flowerseason8 3 ปีที่แล้ว

    Thanks king

  • @dr.emonkalyanchowdhury7134
    @dr.emonkalyanchowdhury7134 3 ปีที่แล้ว

    Excellent presentation. May I request you to send me the slides?

  • @raghukv7062
    @raghukv7062 2 ปีที่แล้ว

    Very helpful information

  • @BlessGodMinistry
    @BlessGodMinistry 3 ปีที่แล้ว +5

    Appreciate the help bro thanks so much! God bless you and your family Jesus loves you and thats why he died for our sins and rose again is the only way to heaven. Wish you the best in the future! Once again thank you bro

    • @MisterSimplify
      @MisterSimplify  3 ปีที่แล้ว +1

      Hi bro! Thank you very much for your kind words and blessings. I also wish you and your family health, happiness and success!

  • @cmeducation
    @cmeducation 2 ปีที่แล้ว

    Thanks a lot 👍

  • @vincreation6366
    @vincreation6366 2 ปีที่แล้ว

    Very nice and informative session sir ...

  • @manoharchaudhari5319
    @manoharchaudhari5319 2 ปีที่แล้ว

    Nice Information. Sir.

  • @nishitdavda6410
    @nishitdavda6410 2 ปีที่แล้ว

    Thank you sir

  • @funtobello4619
    @funtobello4619 3 ปีที่แล้ว

    Great lecture, pls will appreciate if u can give lecture on balance score card very urgent sir

    • @MisterSimplify
      @MisterSimplify  3 ปีที่แล้ว

      Hi Funto. Sorry, I didn't get you. This lecture is on Balanced Scorecard.

    • @funtobello4619
      @funtobello4619 3 ปีที่แล้ว +1

      @@MisterSimplify sorry buildingblocks model

    • @MisterSimplify
      @MisterSimplify  3 ปีที่แล้ว

      @@funtobello4619 Hi! Building Blocks Model is already in my pipeline. I will try to make a tutorial on it asap. Cheers!

    • @funtobello4619
      @funtobello4619 3 ปีที่แล้ว +1

      @@MisterSimplify thanks

  • @trushagajjar4186
    @trushagajjar4186 2 ปีที่แล้ว

    Really a informative session

  • @neetadhadus3868
    @neetadhadus3868 2 ปีที่แล้ว

    Much helpful

  • @ajaykaushik2272
    @ajaykaushik2272 2 ปีที่แล้ว

    awesome
    thanks a lot for the video 🙂

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว

      You're most welcome Ajay! 😊😊

    • @ajaykaushik2272
      @ajaykaushik2272 2 ปีที่แล้ว

      @@MisterSimplify
      This helped out for my cost management exam
      Thanks again 👍🙂🙂

  • @chandrabhushankumar928
    @chandrabhushankumar928 4 ปีที่แล้ว

    GREAT

  • @neodelphi
    @neodelphi 4 ปีที่แล้ว +2

    i wast first like what the heck is a wishion? got it in the end thanks.

  • @kaiserali6972
    @kaiserali6972 3 ปีที่แล้ว

    EXCELLENT

  • @sowmyaass6037
    @sowmyaass6037 2 ปีที่แล้ว

    Nice explanation

  • @bilaskale5154
    @bilaskale5154 2 ปีที่แล้ว

    This session is very interesting

  • @dr.nagamanikn
    @dr.nagamanikn 2 ปีที่แล้ว

    Interesting session

  • @plaxidesnamutami06
    @plaxidesnamutami06 ปีที่แล้ว +1

    Have an exam today this was explained amazingly!💯funny how you can’t say “Vision instead Wision!😂

    • @MisterSimplify
      @MisterSimplify  ปีที่แล้ว +2

      I suppose we all have our flaws! 😉

    • @plaxidesnamutami06
      @plaxidesnamutami06 ปีที่แล้ว +1

      @@MisterSimplify indeed

    • @dzanderallison
      @dzanderallison ปีที่แล้ว +1

      @@MisterSimplify is it a flaw, or are you properly pronouncing it - in old Latin?

    • @MisterSimplify
      @MisterSimplify  ปีที่แล้ว

      @@dzanderallison It's very much possible that I might be. We have wayyy too many languages, accents and dialects, as we know. However a person pronounces a word, it's very much possible that it's the correct regional variant for somewhere! 🙂🙂

  • @yigeremterefe6526
    @yigeremterefe6526 2 ปีที่แล้ว +1

    Can I get a similar video on the difference and relationship between the balanced scorecard and result-based management?

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว

      Hello! Thank you for your comment. I will consider adding this to the pipeline for you.

  • @nagarajmullody5058
    @nagarajmullody5058 2 ปีที่แล้ว

    Highly informative

  • @sonalirai2175
    @sonalirai2175 2 ปีที่แล้ว

    Thank you so much please keep making video on such topics

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว +1

      Hi Sonali. Thank you for appreciating! Pls do let me know of any topics you'd want to recommend! 🙂

    • @sonalirai2175
      @sonalirai2175 2 ปีที่แล้ว +1

      @@MisterSimplify kaizen costing thoroughput accounting

    • @sonalirai2175
      @sonalirai2175 2 ปีที่แล้ว +1

      I'll keep updating more topics and I'll share these topics with my class

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว +1

      @@sonalirai2175 That's great Sonali! Yes, do feel free to recommend more topics. I've added Kaizen to the pipeline for you. Take care! 🙂

    • @sonalirai2175
      @sonalirai2175 2 ปีที่แล้ว

      @@MisterSimplify thanks for considering my request ❤️

  • @brownguy8566
    @brownguy8566 ปีที่แล้ว

    Very easy to understand thank u

    • @MisterSimplify
      @MisterSimplify  ปีที่แล้ว

      You're welcome buddy! Pls keep supporting! 🙂

  • @ntcuong01ct1
    @ntcuong01ct1 2 ปีที่แล้ว

    Dear Friends,
    If a company have many strategies: buy another company, build new factory, buy new warehouse, and I want to write it in a strategy map. How will I write?. Thanks.

  • @katiegreenwood7015
    @katiegreenwood7015 4 ปีที่แล้ว +1

    wery useful

  • @mNouh100
    @mNouh100 ปีที่แล้ว

    Great explanation

  • @ramiladuraiarasan1275
    @ramiladuraiarasan1275 2 ปีที่แล้ว

    Thank you for sharing

  • @asheniranka8792
    @asheniranka8792 3 ปีที่แล้ว +1

    thanks

  • @kunupakarna.747
    @kunupakarna.747 ปีที่แล้ว

    THANK YOU SO MUCH ABOUT KPI AND OTHERS ^________^

    • @MisterSimplify
      @MisterSimplify  ปีที่แล้ว

      You're most welcome, my friend! 😊😊

  • @liquidcooledtrojan3091
    @liquidcooledtrojan3091 2 ปีที่แล้ว

    critical success factors?

  • @shahabbilash6533
    @shahabbilash6533 2 ปีที่แล้ว

    Excellent. Want More

    • @MisterSimplify
      @MisterSimplify  2 ปีที่แล้ว +1

      Hi Shahab! More on the way for sure! Keep up the support! :)

  • @vijaynagpure5716
    @vijaynagpure5716 2 ปีที่แล้ว

    Thank you.

  • @hsminder49
    @hsminder49 2 ปีที่แล้ว

    Supporting 100% harminder

  • @ordinaryman1824
    @ordinaryman1824 2 ปีที่แล้ว

    Really useful

  • @teefedtips
    @teefedtips 3 ปีที่แล้ว

    if only you could sit in front of me and explain to me the entire MA content of ACCA for my upcoming exams. sigh

    • @MisterSimplify
      @MisterSimplify  3 ปีที่แล้ว +2

      That's very kind of you! Tell you what . . .If the channel continues growing, I will use the funds acquired and will eventually set up a platform for me to deliver lessons to people at the lowest possible prices. Not sure when that can happen though. At the moment I have to rely on my day job to survive. Let's hope for the best!

  • @BABU-uh1iw
    @BABU-uh1iw 2 ปีที่แล้ว

    Thank You Sir

  • @anjelicaong
    @anjelicaong 11 หลายเดือนก่อน

    Thanks!

  • @suzicameron4860
    @suzicameron4860 4 ปีที่แล้ว +7

    Thanks - it’s v as is vee not wizen

  • @chintanmodi2084
    @chintanmodi2084 2 ปีที่แล้ว

    Very good

  • @vorachintan
    @vorachintan 2 ปีที่แล้ว

    Good One.

  • @dr.shitalpadhiyar1015
    @dr.shitalpadhiyar1015 2 ปีที่แล้ว

    Nice one.

  • @ZEEX_Z5
    @ZEEX_Z5 3 ปีที่แล้ว

    How customer satisfaction is a Key performance indicator!?
    How can you measure customer satisfaction!?
    I believe customer satisfaction as Critical Success Factor and 'number of positive feedback you received' or 'number of products returned by unsatisfied customer' is few among the many other key performance indicators.
    Correct me if I am wrong.
    Thanks
    Badshah Ambalath.
    India.

    • @MisterSimplify
      @MisterSimplify  3 ปีที่แล้ว

      Hi Badshah. You're not wrong. The Balanced scorecard refers to customer satisfaction in a slightly different way. It accounts for the performance indicators you mentioned and clubs them together into customer satisfaction.