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Why Businesses Use It? |
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Answer» The root of the problem is that the strategic picture in the minds of top managers is not the same as a picture in the minds of LINE-level employees. Studies by the Balanced SCORECARD Collaborative report show that more than 95% of employees don’t understand an organization’s STRATEGY. This LEADS organizations to a less effective and efficient execution. Balanced Scorecard supposed to help fix this problem by aligning top level goals with line level actions, and thus make the strategy execution process more trackable. Here we have more FACTS about the Balance Scorecard that shed light on how widely it is used and what problems it solves. The root of the problem is that the strategic picture in the minds of top managers is not the same as a picture in the minds of line-level employees. Studies by the Balanced Scorecard Collaborative report show that more than 95% of employees don’t understand an organization’s strategy. This leads organizations to a less effective and efficient execution. Balanced Scorecard supposed to help fix this problem by aligning top level goals with line level actions, and thus make the strategy execution process more trackable. Here we have more facts about the Balance Scorecard that shed light on how widely it is used and what problems it solves. |
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