Balanced Scorecard Basics   Arrow   Why Use a Balanced Scorecard?
Balanced Scorecard Basics – Create Structure Create Action

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Why Use a Balanced Scorecard?

A Balanced Scorecard framework can provide:

  • Focus – Ensure an organization is doing the right things instead of just doing things right (helps avoid focusing 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 – Across departments and with individuals (identifies what is strategically important, what level of performance is needed, and who is responsible).

  • Communication – Translates your high-level strategy into words that are meaningful and relevant throughout the organization.
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