WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 22, 2025
A Framework for Customizing Balanced Scorecards for Educational Nonprofit Organizations
Authors: ,
Abstract: The ascent of nonprofit organizations within the social landscape often mirrors an economic model, positioning them as crucial entities addressing unmet societal needs. The Balanced Scorecard tool emerges as a strategic management tool, facilitating objective translation, performance measurement, and initiative formulation. Nonprofits that adopt the Balanced Scorecards recognize its utility in catalyzing strategic transformation and fostering nuanced causal understanding. Implementing the Balanced Scorecards in nonprofit organizations offering educational services requires meticulous planning, stakeholder engagement, and strategic alignment. The current paper delves into the possibility of customizing the Balanced Scorecards for educational nonprofits, beginning with a flexible strategy map useful in aligning with organizational values and mission.
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Pages: 979-987
DOI: 10.37394/23207.2025.22.81