Balanced Scorecard in ActionBlogs
To face the competitive global economy today, companies make significant changes to the old traditional measures which no longer assess the newly structured organisations adequately. Mastering the balanced scorecard methodology is the secret to an organisation's success. To ensure organisational success, there are few questions to be asked.
- Do your employees have a shared vision of the organisation?
- Is your success defined in clear and measurable terms?
- How will you recognise success when you see it?
- How effectively do your employees prioritise work according to strategy?
These questions throw light on the need for a Balanced scorecard or KPI management solutions within an organisation. Regardless of the size, all organisations benefit from a Balanced Scorecard as it is essential for an organisation's success.
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