Newport Consulting Group's William Newman considers the four critical success factors of a Balanced Scorecard (BSC) program implementation in this month's WordPress blog "The View from C-Level." BSC implementation is a cornerstone of sound Enterprise Performance Management (EPM) practice.
Assessing a Balanced Scorecard (BSC) implementation can reveal many pitfalls and opportunities to drive corporate performance. BSC is a management technique allowing management to harmonize and balance multiple functions and operations of the organization to increase results and corporate performance. The technique was introduced in 1992 by Robert Kaplan and David Norton and published in the Harvard Business Review.
Often challenges occur in the development and execution of BSC practices, but there are way to remedy short-comings in the program structure and the impacts on business operations. I will show you a few areas to focus where you can increase corporate performance of your organization by assessing your BSC implementation.
Read the entire article here.