The consequence of the previous advantage – a properly designed Balanced Scorecard works as an excellent base to discuss business challenges and how the company is going to respond to them.ĭo you have a new idea or challenge to discuss? Show where it stands on the strategy map. To get all the benefits from it, make sure your team knows how to read this type of map. One strategy map with some supporting documentation can include all the details needed for effective strategy execution. Sign-up with a free plan at BSC Designer for immediate access to 30 scorecard and KPIs templates. It Provides a Visual Picture of StrategyĬompare a one-page strategy map (a strategy map with cause-and-effect connections, business goals, initiatives, and metrics) with 100+ pages strategic plan. Is your scorecard implemented properly? You can use this audit checklist to find out?Īdvantage 1.
I’m listing below some advantages of the properly implemented K&N Balanced Scorecard framework. In this article, we’ll discuss where the Balanced Scorecard framework wins and where it’s not that intuitive. Any business framework has its area of recommended application, its advantages and drawbacks.
