Apply to MSS
Join Our Talent Community
One of the most influential methods a company can utilize to transform its organization is the Balanced Scorecard. According to Gartner, 50% of enterprise-level companies in the US have adopted this method and it was selected by Harvard Business Review editors as one of the most influential business ideas of the last 75 years. Yet, most mid-market companies are still working with KPI’s. It is time to make the leap.
The Balanced Scorecard is a management system that enables an organization to translate their vision and strategy into action. It transforms the academic exercise of strategic planning into a fully realized system. This article speaks about the Balanced Scorecard and its uses for chief executives to transform their organizations and its different tenets of Customer Understanding, Employee Learning and Growth, Business Processes Development, and Financial Data Expansion along with recommendations on implementation.