Five Distinct Views of Scorecards – and Their Implications
Although an organization can have only one overarching strategy, there are five distinct views that stakeholders might have when reviewing a strategy and its associated performance:
* Valuation,
* Navigation,
* Compensation,
* Benchmarking, and
* Evaluation.
Understanding all of these views – their implications and how to implement them – will greatly simplify the development and use of your scorecard … [ Read more ]
Content: Article | Author: Brett Knowles | Source: BetterManagement.com | Subjects: Management, Strategy
The 5 Simple Steps to Building an Award-Winning Balanced Scorecard
We have discovered that a trick to creating a great scorecard is to “rough it in” first, just like building a house. Use the team to create the framework for a great scorecard, like the framing of a house, and then quickly release it to the organization with the request for them to provide the details around the roughed-in scorecard.
In the house metaphor, the scorecard … [ Read more ]
Content: Article | Author: Brett Knowles | Source: BetterManagement.com | Subjects: Management, Strategy