Archive for July, 2013

Looks like a balanced scorecard – but is it?

Looks like a balanced scorecard – but is it?

A management team that believes it has a balanced scorecard because it dutifully reports on its KPIs every month may likely be kidding itself. And such a mindset could be doing the organisation a disservice, as they say ‘having the ladder against the wrong wall’. Whereas most KPIs frameworks have grown ‘topsy’ over time, the balanced scorecard is a carefully thought through and agreed set of performance indicators providing early indicators of successful or unsuccessful business strategies – including more immediate problems on the horizon. Something your financials alone fail to provide. The scorecard is also aimed at getting people…