Use the Balanced Scorecard First Report to Drive Success
- Topics:
- Strategic Management Tools
- Source:
- Balanced Scorecard Collaborative
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Overview: As many successful organizations already know, the Balanced Scorecard is a tool, and more importantly a process to improve performance and drive breakthrough results. These organizations have invested in the journey to implement the Balanced Scorecard, embedding the framework in the way they do business. In order to embed the Balanced Scorecard, and its powerful framework to drive results in how the organization operates on a daily basis, it is necessary to begin by reporting back the results to the organization. This article examines the critical success steps in this pivotal event, and how organization can gain an advantage as one implement Balanced Scorecard reporting structure. Some of these factors include: Complete Scorecard Design, select a reporting tool, gather, analyze, and present data, communicate results to workforce and many more. Thus, if one follows these steps he should be on his way to deriving the full value that can come from applying the principles of good performance management.
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Format: HTML | Date: Jul 2003 | Pages: 1
