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Management - Balanced Scorecard

 
Success without the pitfalls The Balanced Scorecard is now accepted by many organisations as a tool that has reinvented the way that information is gathered, decisions are made and strategy is implemented.  It is reported that over 50% of Fortune 1000 firms now use the scorecard concept. But like any business process or application, it has its problems.  The advantages of the Balanced Scorecard are well publicised, so in this briefing the author would like to concentrate upon two topics:
- Implementation.  What are the problems and potential pitfalls when building a Balanced Scorecard for the first time?
- Sustaining success.  What are the downsides that long-term users of the Balanced Scorecard must avoid?  This area in particular has received little attention and warrants investigation.

   

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Copyright 2001 Recklies Management Project GmbH
Status: 03. Juli 2015