Remember Me
forgot your password?

Balanced Scorecard Is A Concept That Everyone Needs, But Who Needs These Balancing Things?

According to those who design and promote management tools, you can't live without the newest, best, fast, and most innovative tool to manage your enterprise. Ask a proponent of Balanced Scorecard and they will even tell you that it is a good idea for you to use this system even if you run a one-person show as your entire enterprise.

Going that far seems a bit like shooting cockroaches. Although, after studying all the benefits of running a medium to large or even huge operation with the simple to define guidelines of Balanced Scorecard management, you might find personal uses for the system. It is a good thing to pay attention to orderly and at least frequent, if not continual self-assessment. It is also something that can get out of hand, in either direction, quite easily.

Yes, you do need to know how well you are responding to your customers, even if they are only your family members and friends. No, you probably don't need to do metrics on every interaction you have, and on every task you set or accomplish. Still, many people who learn management skills take the lessons learned from the management system they learn and apply those skills and processes to their own personal situations. This form of self-development, through corporate training is quite common. We cross-pollinate a lot, in our lives, and much of it is good. If you are applying the methodology of Balanced Scorecard Management to your own personal life, you may find by using the system that it doesn't work in the format of the "personal edition" for you.

If you have learned the Balanced Scorecard management system, and you find that it is not working for you on a personal level, interestingly, the system would suggest that you make changes clarify goals, reassess actions and retest results. Putting that into layman's terms: Try something else and see if that works for you.

One of the best features of the Balanced Scorecard management system is that after learning how it works and how to work it, it seems quite rational in almost every aspect. To use an overused word some of it appears to be downright "intuitive."

In a corporate or enterprise setting involving more than one person, however, the subordinate(s) and/or non-innovator(s) may feel threatened by the changes proposed to meet Balanced Scorecard operation. Experience teaches that one successful methodology for introducing big changes is what I call "top-down, bottom-up innovation." While the uppermost management may be the level of management that makes the decision to implement Balanced Scorecard, it behooves upper management [in many instances] to deputize very low level persons to study the idea of rejuvenating the management system, and suggesting that they investigate Balanced Scoreboard, as one possibility. Whether any other possibility is suggested, may or may not be required, depending on your own enterprise structure. Making the decision to move to a structured management system such as Balanced Scorecard management works well as a "grass-roots" movement. Just like quitting smoking, though, commitment and persistence are highly recommended once you decide to do it.

Sam Miller
If you are interested in balanced scorecard templates, check this web-site to learn more about business performance management.
Rate this Article: 0 / 5 stars - 0 vote(s)
Print Email Re-Publish

Add new Comment



Captcha

  • Latest Management Articles
  • More from Sam Miller

Handling Employee Absenteeism

By: Mark Thomas Walters | 26/12/2009
To deal with the issue of employee absenteeism, it is necessary to look beyond the surface of the issue, as there is no quick fix to the problem. Firstly, punitive measures are unlikely to work because there is always a way around them. Even if they appear to work with some,...

Easy Ways To Manage Critical Business Documents

By: Ray Feoli | 25/12/2009
Documents claim up to 60 percent of office worker's time and account for up to 45 percent of labor costs. Documents are a necessary evil to the function of any business. You can no longer just file it away and forget about it, you have to actually MANAGE it. Do yourself...

Four Critical Ingredients to a Successful 6 Sigma Implementation

By: Ryan J Bell | 25/12/2009
The six Sigma strategy is steeped in info collection and statistics analysis. As such, many practitioners fall into the mistake of thinking the success of a given project is a foregone conclusion. That is, so long as they stick closely to a quantitative approach, identifying and getting shot of process-related...

The Role of a Leader in a Six Sigma Implementation

By: Ryan J Bell | 25/12/2009
One of the reasons there is a tightly outlined structural power structure within a standard six Sigma team is because such a structure supports a leader. That individual is immediately responsible for the results produced by their team. the leader's responsibility extends further. She determines the focus and direction of...

Grasping the Responsibilities in the 6 Sigma Hierarchy

By: Ryan J Bell | 25/12/2009
The success of your Six Sigma program relies on many factors. These elements include severe identification of relevant metrics, creative problem-solving, targeted decision-making, and observance of a stern organizational power structure. Courses and workshops are typically dedicated to the trials of the technique. They concentrate on subjects such as project...

Myriad Inc. Leads The Industry In The Training Of USA IT Project Managers

By: Toan Dinh | 25/12/2009
Since the late 1980s Myriad Inc. has offered exceptional solutions for business optimization, product supply and training in specialized departments such as USA IT project managers.

Myriad Inc. Gives Clients Access To Unparalleled USA Meta Data Management

By: Toan Dinh | 25/12/2009
Myriad Inc. is uniquely qualified in the provision of business optimization services, the supply of superb products and specialized guidance in integral topics such as USA meta data management.

Hotel management consultants

By: hotel Management Consultant | 25/12/2009
With professionalism being the buzz word in practically all the sectors, newer and newer avenues are opening for trained professionals. Hotel management consultancy is just one of the avenues among them. Hotel management is an old concept with a large number of hotel management institutes churning out scores of graduates.

Tips on Choosing Effective Service Outsourcing KPI

By: Sam Miller | 14/07/2008 | Management
When you are in the process of developing service outsourcing KPI, then you will surely have to deal with what is known as the SLA, or the Service Level Agreement. This is actually the contract or the agreement both the outsourcer and the client enter, with all the stipulations, terms,...

The Six Metrics in an Effective KPI Methodology

By: Sam Miller | 14/07/2008 | Management
In the late 1980s, there was a revolution made on how businesses are managed and this is through the usage of the balanced scorecard. This is a management tool whose target is to see if the simple activities of the rank and file employees affect the overall goals of the...

Three KPI Examples

By: Sam Miller | 14/07/2008 | Management
There are many ways to measure an employee's performance. However, the most popular tool of today that is also used by many managers all over the world is the employee scorecard. This scorecard contains metrics with specified targets and these are called KPIs. KPI means key performance indicator. As the...

Top Issues in Programmer Productivity

By: Sam Miller | 14/07/2008 | Computers
A software program is something that anyone can be trained to use. Pretty easy if one will think about it. However, very few people have an idea how many hours are put in just to complete and develop software. There is a big issue in programmer productivity in the world...

What to Include in a Balanced Scorecard PPT Presentation

By: Sam Miller | 29/06/2008 | Management
Amongst the many business and management tools in the corporate world right now, one of the most effective ones would certainly be the balanced scorecard. This is because the tool exists to measure a company's present status against the goals and objectives that the company had planned to achieve in...

Software Interface Testing and Other Types of Software Testing

By: Sam Miller | 23/06/2008 | Computers
Software interface testing is just one among the many types of software testing that are used by software engineers for software development. Automated testing is one of the most common software test approaches these days. With this, engineers would not have to perform tests or quality assurance manually. Nonetheless, automation of...

System Testing Approach: Black Box Testing

By: Sam Miller | 02/06/2008 | Computers
Almost every aspect/phase of the Software Development and Testing life cycle finds application of Black box testing. The attempt is to find errors. These errors can be broadly categorized as: · The user interface contains errors. · The methods (functions) used are either syntactically incorrect or missing. · The data structures used in the...

Submit Your Articles Free: Signup

Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.32, 6, w2)