Recent research suggests that world-class companies are 159% more likely to have advanced Balanced Scorecards in place. So what is a Balanced Scorecard, and why do best-in-class companies use them so widely?

ActiveStrategy Balanced Scorecard Software solutions provide automated and coordinated means to further aid and ensure your company’s proper deployment of this important comprehensive framework.

• Focus -- Ensures an organization is doing the right things - not simply doing things right (helps avoid concentrating on perfecting a process that has little impact on critical outcomes).
• Alignment -- Creates links between and across levels of your organization (particularly helpful to improve an issue that cuts across functional silos).
• Accountability -- Spans departments and individuals (identifies what is strategically important, what performance level is needed, and who is responsible).
• Communication -- Translates your high-level strategy into words that are meaningful and relevant throughout the organization.

After determining your organization's objectives, identify measures that will best determine if you are on track to achieve each objective. These are also called KPIs (Key Performance Indicators) or metrics. As with objectives, focus is key. You should select only 1-3 measures per objective, which should be the best indicators of achievement for that strategic goal.

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• The Origins of Balanced Scorecards
• Getting from Strategy to Scorecard
• Building a Top-Level Balanced Scorecard
• Cascading Scorecards
• ActiveStrategy Enterprise Software