COBIT and the Balanced Scorecard
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Answer preview……….. The drive for efficiency and growth in any company is expected to be the number one driver for the organization. Organizations and their managers utilize different approaches towards the achievement of strategic goals in the field and further in the market which they operate. The Balanced Scorecard (BSC) is one of the approaches that have gained increased popularity due to its structure and application in many industries. Similarly, the Control Objectives for Information and Related Technologies (COBIT) is another approach mainly used in the information technology (IT) industry to ensure the proper management of strategic goals and outcomes in an organization. While the balanced scorecard can be applied in virtually all enterprises, COBIT mainly fits in the governance of IT enterprise. However, both approaches are developed for the proper management and governance of enterprise assets and strategic goals for both short and long-term sustainability and success……..
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