Efficiency of Balanced Scorecard

Balanced Scorecard
Knowledge Center

 

Next Topic

Balanced Scorecard > Forum > Efficiency of Balanced Scorecard

Efficiency of Balanced Scorecard
Hari
This gave a clear cut idea about what the Balanced Scorecard really means. But how can we evaluate or judge the efficiency of the Balanced Scorecard, management concept? How can we evaluate the efficiency of using the Balanced Scorecard concept? (...) Read more? Sign up for free
 

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

    Log in

 
Determining the Efficiency of BSC
Beben
How to evaluate the efficiency of BSC? Simply from your company achievements.. Does your company fulfill the target in all areas (Financial, Business process, Customer and Learning & Growth)?
 

 
BSC Efficiency
Paul Maguire, Business Consultant, United States, Member
The term efficiency speaks to the cycle time how quickly an object (organization, person, or product, etc.) is transformed.
The term effectiveness on the other hand, speaks to how well the process is performed; the quality, the low variance, the outcomes, etc.
The Balanced Scorecard can have positive impact on both of these aspects through organizational alignment and performance results against targets.
A concrete example of how this can work is the rationalization of initiatives inventorying against the initiatives, stopping duplicative initiatives, initiating new projects where gaps exist and prioritizing.
 

         
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: 11-12-2019. All names of their owners.