Development and Implementation of the Balanced Scorecard for a Higher Educational Institution using Business Intelligence Tools

The objective of designing a strategy for an institution is to create more value and achieve its vision, with clear and coherent strategies, identifying the conditions in which they are currently, the sector in which they work and the different types of competences that generate, as well as the market in general where they perform, to create this type of conditions requires the availability of strategic information to verify the current conditions, to define the strategic line to follow according to internal and external factors, and in this way decide which methods to use to implement the development of a strategy in the organization. This research project was developed in an institution of higher education where the strategic processes were analyzed from different perspectives i.e. financial, customers, internal processes, and training and learning using business intelligence tools, such as Excel Power BI, Power Pivot, Power Query and a relational database for data repository; which helped having agile and effective information for the creation of the balanced scorecard, involving all levels of the organization and academic units; operating key performance indicators (KPI’s), for operational and strategic decisions. The results were obtained in form of boards of indicators designed to be visualized in the final view of the software constructed with previously described software tools.