Creating a Useful Scorecard
You can put the best thinking of the balanced scorecard to use (and avoid the worst) by:
- Empowering strategic thinking at all levels of your company—even if it means more training.
- Mapping how you create value—just start drawing, with roles as nodes and value as the connections (this is the essence of value network analysis as described by Verna Allee).
- Using indicators that help you measure progress toward your ultimate financial goals.
Using a scorecard to reach consensus with your team on how to measure progress—not to push down goals. - Michael Oleksak
