Balanced Scorecard
The Balanced Scorecard is a strategic planning and management system used to align business activities with the vision and strategy of an organization, improve internal and external communications, and monitor organizational performance against strategic goals. It translates an organization's mission and vision into a comprehensive set of performance measures across four perspectives: financial, customer, internal business processes, and learning and growth. This framework helps organizations track both financial outcomes and the drivers of future performance.
Developers should learn the Balanced Scorecard when working in roles that involve strategic planning, project management, or business analysis, as it provides a structured way to link technical initiatives to business objectives. It is particularly useful in enterprise environments where software development must demonstrate value beyond code delivery, such as in DevOps, IT governance, or product management contexts. Understanding this methodology helps developers communicate the impact of their work in business terms and prioritize features that align with organizational strategy.