Meaning ● An Augmented Balanced Scorecard amplifies the traditional balanced scorecard framework by strategically incorporating real-time data analytics, automation, and predictive capabilities tailored for Small and Medium-sized Businesses (SMBs). Within the context of SMB growth, this approach allows for continuous monitoring of key performance indicators (KPIs) and facilitates agile responses to market changes. Automation plays a vital role by streamlining data collection and reporting processes, thereby freeing up SMB resources to focus on strategic initiatives. For implementation, an augmented scorecard leverages business intelligence tools to provide actionable insights, driving informed decision-making and improved operational efficiency.
