Balanced Scorecard for Start Up Companies?

Balanced Scorecard
Knowledge Center

 

Next Topic

Balanced Scorecard > Forum > Balanced Scorecard for Start Up Companies?

Balanced Scorecard for Start Up Companies?
De Keukeleere, Business Consultant, Belgium, Member
Is the BSC tool valuable to use when setting up a start up company? Or is this system to rigid compared to the flexibility that is required for a start up?
 

 
Balanced Scorecard for Start Up Company
Gandhi Heryanto, Management Consultant, Indonesia, Premium Member
Of course the BSC will be useful. After all, to set up a successful start up company will require the four elements of the BSC to be present.
Typically start ups focus on the skills and experiences of the entrepreneur in composing the company business concept.
The Balanced Scorecard will support an overall view to make sure each element of the business receives attention and is 'covered'.
 

 
Balanced Scorecard for Start Ups
Sethu, Business Consultant, India, Member
We work with start up companies helping them to establish the BSC framework to implement their business strategy.
In the initial few years, start-up firms focus on revenues, look to bring products / services to the market and have to identify a differentiating value proposition to acquire customers.
Actual delivery of that value does require identifying critical processes and skills/capabilities as well that can be "strategy mapped" and translated to measures, targets and programs to drive the business goals.
 

 
BSC Introduction in Start Up
rajiv gupta, Business Consultant, India, Member
 

     

Read all responses and join this discussion yourself.
Support your career and personal development with 12manage, the management platform.

    Log in


Special Interest Group Leader

Interested? Sign up for free.


Balanced Scorecard
Summary
Forum
Best Practices


Balanced Scorecard
Knowledge Center

 

Next Topic



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2019 12manage - The Executive Fast Track. V15.2 - Last updated: 15-11-2019. All names of their owners.