Balanced Scorecard for Start Up Companies?



Balanced Scorecard
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6
De Keukeleere
Business Consultant, Belgium

Balanced Scorecard for Start Up Companies?

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?
 

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3
Gandhi Heryanto
Management Consultant, Indonesia
 

Balanced Scorecard for Start Up Company

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'.

 
2
Sethu
Business Consultant, India
 

Balanced Scorecard for Start Ups

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.

 
1
rajiv gupta
Business Consultant, India
 

BSC Introduction in Start Up

In my experience, rolling out a BSC in a start up ...

   

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