The balanced scorecard aids in continuous improvement by augmenting financial measures with information on the drivers or indicators of future financial performance.

Balanced Scorecard

A management and planning approach designed to align a company's operations with its vision and strategy, enhance communication both internally and externally, and track the organization's performance in relation to strategic objectives.

Financial Measures

Metrics and ratios used to evaluate the financial health and performance of a business, such as net income, return on equity, or debt-to-equity ratio.

Future Financial Performance

An estimate or forecast of a company's financial outcomes in future periods based on current data and trends.