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Scorecard to describe and communicate strategy in consistent, insightful,
operational terms.
2. Align the organization to the strategy. For organizational strategies
to work, they must be linked and integrated across many functions —
finance, manufacturing, sales, marketing and so forth. The Balanced
Scorecard can link these disparate and dispersed functions.
to work, they must be linked and integrated across many functions —
finance, manufacturing, sales, marketing and so forth. The Balanced
Scorecard can link these disparate and dispersed functions.
3. Make strategy everyone’s everyday job. Use the Balanced
Scorecard to educate the organization about strategy, help employees develop
personal objectives, then compensate them based on their adherence to
and implementation of the business’ strategies.
Scorecard to educate the organization about strategy, help employees develop
personal objectives, then compensate them based on their adherence to
and implementation of the business’ strategies.
4. Make strategy a continual process. Use the Balanced Scorecard to
link strategy to the budget process; review strategy regularly in management
meetings; and develop a process for learning and adapting strategy.
link strategy to the budget process; review strategy regularly in management
meetings; and develop a process for learning and adapting strategy.
5. Mobilize change through executive leadership. Through a method
of mobilization, governance and strategic management, executives can
embed new strategy and new culture into their management systems, creating
a continual process to meet the strategic needs of today and tomorrow.
of mobilization, governance and strategic management, executives can
embed new strategy and new culture into their management systems, creating
a continual process to meet the strategic needs of today and tomorrow.
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