Hitting Home Runs With The Balanced Scorecard
- Topics:
- Strategic Management Tools
- Source:
- Robert Frances Group
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Overview: It is believed that that no combination of Balanced Scorecard-related methodologies, software, and textbooks can guarantee successful implementation of the improvement measurement mechanism. Beyond such tools, IT executives should have access to individuals experienced in successful Balanced Scorecard implementations, whether internal or outside consultants. Such individuals can be essential in navigating the political and organizational issues involved, deploying software and integrating it with business processes, and explaining the Balanced Scorecard program's value, usage, and success. Once the fundamentals of the Balanced Scorecard are understood, IT executives, in conjunction with corporate and LOB executives, should determine whether the tool could add value to the enterprise. It is also believed that the Balanced Scorecard should be viewed as a continually evolving and changing entity, requiring those working with it to interact extensively with others using the tool to keep current. Furthermore, individuals routinely involved with the Balanced Scorecard should keep abreast of software and methodology updates.
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Format: HTML | Date: Apr 2001 | Pages: 1
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