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Language: English | Māori

Developing a business plan

Creating a business plan using a balanced scorecard

A balanced scorecard is one way to do a simple, shareable business plan.

A balanced scorecard involves identifying a small number of targets and measures that relate to outcomes in the strategic plan.

The measures are split across 4 perspectives:

  1. Learning and growth
  2. Operations and internal processes
  3. Production or customer perspective, and
  4. Financial.

If your trust's not running or aspiring to run a business, your objectives or targets will not be commercially focussed. Your targets should be aligned to your strategic vision and plan.

The scorecard is a one-page document that can be supported with detailed information in other documents if necessary.

What is a business plan?