Balanced Scorecard vs. OKR

Both balanced scorecard and OKR are management and goal-setting tools to enable an organization to produce the expected outcome from long-term planning. The balanced scorecard is more holistic; the OKR is focused on achieving ambitious goals from an organizational standpoint, which is also why OKR has found wide adoption throughout startups.

[image error]First proposed by accounting academic Robert Kaplan, the balanced scorecard is a management system that allows an organization to focus on big-picture strategic goals. The four perspectives of the balanced scorecard include financial, customer, business process, and organizational capacity. From there, according to the balanced scorecard, it’s possible to have a holistic view of the business.



[image error]Andy Grove, helped Intel become among the most valuable companies by 1997. In his years at Intel, he conceived a management and goal-setting system, called OKR, standing for “objectives and key results.” Venture capitalist and early investor in Google, John Doerr, systematized in the book “Measure What Matters.”

Read Next: OKR, Balanced Scorecard, Agile Methodology, Value Proposition, VTDF Framework.

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