How to Implement a Balanced Scorecard in 16 Weeks Not 16 Months

Sponsored By Waymark Solutions Limited

Topics:

Budgeting & Planning > Business Performance Management , Strategy

Employee Benefits & Human Capital > Professional Development

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Abstract:

Robert S. Kaplan and David P. Norton, in their groundbreaking work “The Balanced Scorecard,” indicate that 16 weeks is an adequate time frame to set up a Balanced Scorecard (BSC). Why, then, does 16 weeks so often become 16 months? And, why do so many BSC fail to deliver on their promises? Often the BSC is blamed and yet the fault lies elsewhere!

I suspect the problem lies at the top, where the senior management team lacks understanding of, and commitment to, the BSC, and does not prioritise it. Many organisations make half-hearted attempts at implementing a BSC by fitting the project around other, often less important fire fighting activities. I do not believe it is the BSC at fault as I believe it will be with us for many years to come.

DETAILS

Sponsored by: Waymark Solutions Limited

Released: September 15, 2009

Length: 11 pages

Format: PDF (128 kb)

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