Strategy Implementation Tool: The Balanced Scorecard

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Strategy Implementation Tool: The Balanced Scorecard
Ajaya Shankar Gupta, Management Consultant, India

The Balanced Scorecard is a good tool for strategy communication, alignment, implementation and monitoring. Depending on the strategy implementation tactic.
A properly designed corporate/SBU BSC, departmental BSCs and individual scorecards will help in alignment. Then the strategic initiatives aligned to the KPIs in the BSC will help in implementation. Daily activities & monthly reviews will help in monitoring and taking corrective actions.



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