The Balanced Scorecard - Simplest explanation ever

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  • Опубліковано 19 лип 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

КОМЕНТАРІ • 192

  • @zackterm8886
    @zackterm8886 2 роки тому +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 роки тому +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! 👍👍🙂

  •  4 роки тому +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 роки тому

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

  • @arkay3804
    @arkay3804 2 роки тому +11

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

  • @naaameley3788
    @naaameley3788 3 роки тому +7

    Excellent explanations on the Balance Scorecard. Well done.

  • @No.ThatPrettyGirl
    @No.ThatPrettyGirl 3 роки тому +2

    PERFECT, to the POINT explanation.
    THANK YOU❣️

  • @akritigupta9104
    @akritigupta9104 4 роки тому +12

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

  • @sujitdipta
    @sujitdipta 4 роки тому +3

    Nicely Explained, crisp delivery with good examples.

  • @amberriley7633
    @amberriley7633 3 роки тому +34

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

    • @MisterSimplify
      @MisterSimplify  3 роки тому +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 роки тому

      @@MisterSimplify OK Sir

    • @NazriB
      @NazriB 2 роки тому

      Lies again? Hello DBS

    • @mattdimartino648
      @mattdimartino648 2 роки тому

      I don’t think I works like that

  • @geostormy001
    @geostormy001 2 роки тому +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 роки тому +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!

  • @davidvargas5996
    @davidvargas5996 4 роки тому +5

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

  • @13MittaMitta13
    @13MittaMitta13 3 роки тому +1

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

  • @syedarmaghanhassan4652
    @syedarmaghanhassan4652 3 роки тому +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 роки тому +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 роки тому

      @@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 роки тому +1

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

  • @uzomaanosike21
    @uzomaanosike21 4 роки тому

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

  • @beulahjoseph151
    @beulahjoseph151 2 роки тому

    Perfect explanation. Easy to understand and remember. Thank you

    • @MisterSimplify
      @MisterSimplify  2 роки тому

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

  • @poojapai6021
    @poojapai6021 4 роки тому

    Thank You for the concise video!

  • @naquelamarie
    @naquelamarie 4 роки тому +3

    Thank you!

  • @moonoman
    @moonoman 4 роки тому +3

    Many thank, it was clear

  • @kittenskorner
    @kittenskorner Рік тому

    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  Рік тому

      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! 😊

  • @OperaticDary
    @OperaticDary 3 роки тому

    Thank you, very helpful.

  • @sameermalik9
    @sameermalik9 4 роки тому +1

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

  • @HabibRahman-jf7lp
    @HabibRahman-jf7lp 4 роки тому +1

    salute for your clear and deliberate explanation

  • @mr.harsheshpatel4815
    @mr.harsheshpatel4815 2 роки тому +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 роки тому

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

  • @abdullahalsawae4573
    @abdullahalsawae4573 4 роки тому +1

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

  • @bradinfluence3996
    @bradinfluence3996 2 роки тому

    Very helpful and explained well, thank you!

  • @NaveenSingh-nz7vk
    @NaveenSingh-nz7vk 4 роки тому

    Very good and effective content

  • @lesliethompson1076
    @lesliethompson1076 2 роки тому

    Helpful for my Financial Management and Analysis class. Thanks!

    • @MisterSimplify
      @MisterSimplify  2 роки тому

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

  • @haftomkahsay7076
    @haftomkahsay7076 4 роки тому

    Thank you for Your great Explanation

  • @dr.e.palani2005
    @dr.e.palani2005 2 роки тому

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

    • @MisterSimplify
      @MisterSimplify  2 роки тому

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

  • @dr.e.palani2005
    @dr.e.palani2005 2 роки тому +1

    Much informative Sir.
    Thank you

  • @fatyelazhari276
    @fatyelazhari276 3 роки тому

    This video was very helpful! thank you!

  • @yougiovesjotube
    @yougiovesjotube 3 роки тому +1

    really good explanation!

  • @dr.kausarunnisa5728
    @dr.kausarunnisa5728 2 роки тому

    Excellent presentation on Balance Scorecard. Thank You.

    • @MisterSimplify
      @MisterSimplify  2 роки тому

      You are most welcome! Thank you for the support!

    • @MisterSimplify
      @MisterSimplify  2 роки тому

      Pls feel free to recommend topics you want covered.

  • @katieeeeeee011
    @katieeeeeee011 3 роки тому

    Thank you so much for this

  • @mjselfmadehimself
    @mjselfmadehimself 2 роки тому

    thank you so much for your clarification! well done

    • @MisterSimplify
      @MisterSimplify  2 роки тому +1

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

  • @amberriley7633
    @amberriley7633 3 роки тому

    Thank you so much !!!

  • @nupurgautam1
    @nupurgautam1 4 роки тому +2

    good effort

  • @ntcuong01ct1
    @ntcuong01ct1 3 роки тому

    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.

  • @apiyoogubala1206
    @apiyoogubala1206 2 роки тому

    very well simplified. Thank you.

  • @adeboyeakinsola768
    @adeboyeakinsola768 4 роки тому

    Very helpful

  • @lathaa5209
    @lathaa5209 2 роки тому

    Excellent presentation Thank you sir

  • @deeptisutar25
    @deeptisutar25 2 роки тому

    Very well explained ☺️

  • @hakimhusein5177
    @hakimhusein5177 4 роки тому

    thank you very much

  • @thisararathnayake2828
    @thisararathnayake2828 4 роки тому +1

    good lecture

  • @preciouskachingwe7952
    @preciouskachingwe7952 2 роки тому

    well explained chief, excellent lecture

  • @ramdeepkaur1754
    @ramdeepkaur1754 4 роки тому +1

    Tq 👌👌

  • @viggoGodisgreat
    @viggoGodisgreat 2 роки тому

    great video, thank you for posting

  • @najyhayoung864
    @najyhayoung864 Рік тому

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

  • @rizwanhabib6972
    @rizwanhabib6972 3 роки тому +1

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

    • @MisterSimplify
      @MisterSimplify  3 роки тому

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

  • @sarth_shanbhag
    @sarth_shanbhag 2 роки тому +1

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

  • @flowerseason8
    @flowerseason8 3 роки тому

    Thanks king

  • @cmeducation
    @cmeducation 2 роки тому

    Thanks a lot 👍

  • @vincreation6366
    @vincreation6366 2 роки тому

    Very nice and informative session sir ...

  • @trushagajjar4186
    @trushagajjar4186 2 роки тому

    Really a informative session

  • @ajaykaushik2272
    @ajaykaushik2272 2 роки тому

    awesome
    thanks a lot for the video 🙂

    • @MisterSimplify
      @MisterSimplify  2 роки тому

      You're most welcome Ajay! 😊😊

    • @ajaykaushik2272
      @ajaykaushik2272 2 роки тому

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

  • @Fegranata
    @Fegranata 2 роки тому

    Thank you very much!!! Very helpful

    • @MisterSimplify
      @MisterSimplify  2 роки тому

      You are very welcome. Please keep supporting! 😊

  • @chandrabhushankumar928
    @chandrabhushankumar928 4 роки тому

    GREAT

  • @neodelphi
    @neodelphi 4 роки тому +2

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

  • @kaushallyahathurusinghe4889
    @kaushallyahathurusinghe4889 3 роки тому

    Best explanation on balance scorecard.

  • @dr.emonkalyanchowdhury7134
    @dr.emonkalyanchowdhury7134 3 роки тому

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

  • @nagarajmullody5058
    @nagarajmullody5058 2 роки тому

    Highly informative

  • @dr.nagamanikn
    @dr.nagamanikn 2 роки тому

    Interesting session

  • @ntcuong01ct1
    @ntcuong01ct1 3 роки тому

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

  • @kaiserali6972
    @kaiserali6972 3 роки тому

    EXCELLENT

  • @jaiganeshd6499
    @jaiganeshd6499 2 роки тому

    Thank you for the nice session

  • @plaxidesnamutami06
    @plaxidesnamutami06 Рік тому +1

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

    • @MisterSimplify
      @MisterSimplify  Рік тому +2

      I suppose we all have our flaws! 😉

    • @plaxidesnamutami06
      @plaxidesnamutami06 Рік тому +1

      @@MisterSimplify indeed

    • @dzanderallison
      @dzanderallison Рік тому +1

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

    • @MisterSimplify
      @MisterSimplify  Рік тому

      @@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! 🙂🙂

  • @manoharchaudhari5319
    @manoharchaudhari5319 2 роки тому

    Nice Information. Sir.

  • @yashaswinisingh7329
    @yashaswinisingh7329 2 роки тому +2

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

    • @MisterSimplify
      @MisterSimplify  2 роки тому

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

  • @sowmyaass6037
    @sowmyaass6037 3 роки тому

    Nice explanation

  • @neetadhadus3868
    @neetadhadus3868 2 роки тому

    Much helpful

  • @funtobello4619
    @funtobello4619 3 роки тому

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

    • @MisterSimplify
      @MisterSimplify  3 роки тому

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

    • @funtobello4619
      @funtobello4619 3 роки тому +1

      @@MisterSimplify sorry buildingblocks model

    • @MisterSimplify
      @MisterSimplify  3 роки тому

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

    • @funtobello4619
      @funtobello4619 3 роки тому +1

      @@MisterSimplify thanks

  • @katiegreenwood7015
    @katiegreenwood7015 4 роки тому +1

    wery useful

  • @hooby4000
    @hooby4000 2 роки тому +1

    The best explanation ever sir🙏❤️

  • @bilaskale5154
    @bilaskale5154 2 роки тому

    This session is very interesting

  • @BlessGodMinistry
    @BlessGodMinistry 3 роки тому +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 роки тому +1

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

  • @raghukv7062
    @raghukv7062 2 роки тому

    Very helpful information

  • @vijaynikamthakur3916
    @vijaynikamthakur3916 2 роки тому +1

    balanced our knowledge perfectly

    • @MisterSimplify
      @MisterSimplify  2 роки тому

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

  • @ramiladuraiarasan1275
    @ramiladuraiarasan1275 2 роки тому

    Thank you for sharing

  • @patriciausifo311
    @patriciausifo311 9 місяців тому

    Thanks short and straight to the point

  • @sigaming675
    @sigaming675 3 роки тому

    Thank you for making this video

  • @nishitdavda6410
    @nishitdavda6410 2 роки тому

    Thank you sir

  • @sonalirai2175
    @sonalirai2175 2 роки тому

    Thank you so much please keep making video on such topics

    • @MisterSimplify
      @MisterSimplify  2 роки тому +1

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

    • @sonalirai2175
      @sonalirai2175 2 роки тому +1

      @@MisterSimplify kaizen costing thoroughput accounting

    • @sonalirai2175
      @sonalirai2175 2 роки тому +1

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

    • @MisterSimplify
      @MisterSimplify  2 роки тому +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 роки тому

      @@MisterSimplify thanks for considering my request ❤️

  • @teefedtips
    @teefedtips 3 роки тому

    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 роки тому +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!

  • @shahabbilash6533
    @shahabbilash6533 2 роки тому

    Excellent. Want More

    • @MisterSimplify
      @MisterSimplify  2 роки тому +1

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

  • @ntcuong01ct1
    @ntcuong01ct1 2 роки тому

    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.

  • @kunupakarna.747
    @kunupakarna.747 Рік тому

    THANK YOU SO MUCH ABOUT KPI AND OTHERS ^________^

  • @yigeremterefe6526
    @yigeremterefe6526 2 роки тому +1

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

    • @MisterSimplify
      @MisterSimplify  2 роки тому

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

  • @mNouh100
    @mNouh100 Рік тому

    Great explanation

  • @dr.shitalpadhiyar1015
    @dr.shitalpadhiyar1015 2 роки тому

    Nice one.

  • @brownguy8566
    @brownguy8566 Рік тому

    Very easy to understand thank u

    • @MisterSimplify
      @MisterSimplify  Рік тому

      You're welcome buddy! Pls keep supporting! 🙂

  • @anjelicaong
    @anjelicaong 11 місяців тому

    Thanks!

  • @vijaynagpure5716
    @vijaynagpure5716 2 роки тому

    Thank you.

  • @ordinaryman1824
    @ordinaryman1824 2 роки тому

    Really useful

  • @dhvanidesai6855
    @dhvanidesai6855 2 роки тому

    nice explanations

  • @chintanmodi2084
    @chintanmodi2084 2 роки тому

    Very good

  • @vorachintan
    @vorachintan 2 роки тому

    Good One.

  • @dr.rajeshdongare4164
    @dr.rajeshdongare4164 2 роки тому

    Excellent explain

    • @MisterSimplify
      @MisterSimplify  2 роки тому

      Thanks for your feedback. Glad to be of help! :)

    • @MisterSimplify
      @MisterSimplify  2 роки тому

      Pls do feel free to recommend topics you want covered.

  • @sudherjain3836
    @sudherjain3836 2 роки тому

    Nice session

  • @asheniranka8792
    @asheniranka8792 3 роки тому +1

    thanks

  • @suzicameron4860
    @suzicameron4860 4 роки тому +7

    Thanks - it’s v as is vee not wizen

  • @BABU-uh1iw
    @BABU-uh1iw 2 роки тому

    Thank You Sir