Avoiding The Balanced Scorecard Pitfalls
Orange performance – an internal perspective
Financial Key Performance Indicators are crucial for any organization striving for success. However, they are not sufficient. A company nowadays needs to focus on its employees and the first thing to do, is to assure them a safe environment.
A touch of technology in… sports!
Talking about KPIs in football is not as unusual today as it used to be years ago. Now, sports clubs focus on all sorts of strategies for measuring and improving performance. Players are monitored at all time and results are given according to the measurements, thus enabling the team managers to adopt one strategy or another. It is highly advisable to monitor the activity of players in order to keep track of the evolution of the team. KPIs are fundamental in a sports team in many respects and this is to be understood in the following lines.
Strategy Map and Balanced Scorecard: Driving performance!
Why using Strategy Maps alongside Balanced Scorecard? If your balanced scorecard does not use a strategy map, then your scorecard will remain an operational tool, rather than one of strategy communication and execution. A strategy map sits in front of its balanced scorecard. It is very important to understand that each balanced scorecard has a strategy map. Rather than, each strategy map has a scorecard behind it.
Staying on top
Boss or leader? Which of the two do we want to be? Bosses are quite often seen as an unreachable entity in the company, set aside from the team, like some sort of an outside supervisor. Many companies fail to achieve success due to this negative view. A true leader knows how to connect with a team and most importantly, he does not order, he demonstrates by doing it himself.
