Performance management and the balanced scorecard in the modern non-profit organisation
Date
2011
Authors
O'Boyle, I.
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Journal article
Citation
Corporate Board: role, duties and composition, 2011; 7(1):48-56
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Abstract
Performance management is a process that has been used in the for-profit business environment for many years and has had significant benefit for that sector. As the not for- profit organisation enters new dimensions of competitiveness, increased professionalism and a call for greater transparency, the utility of a pe1formance management approach within the not forprofit environment and its potential benefit for such an organisation is explored. The application and appropriateness of the balanced scorecard as a measurement tool is analyzed within the article and it becomes apparent that such a tool can have a direct impact on the performance of the modern not for-profit entity.
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Copyright 2011 Virtus InterPress and The Authors.