Blog Archives

When a Small Business Need Start Using Balanced Scorecard?

Unify the efforts of team with Balanced Scorecard

During my career as a HR professional, I have been exposed to a range of rapid growth start-up businesses, which has given me a rare insight into the challenges that organizations face as they move from being a small stage start-up to a small and then to a medium sized

Read More…

Posted in Balanced Scorecard Theory

Extend Your Balanced Scorecard up to 8 Perspectives

Extend Your Balanced Scorecard up to 8 Perspectives

What are the strengths of this framework and where do we need to yet improve it? I have already alluded to a need for more than four dimensions. In fact, I propose eight. To make them easier to remember I named them all by starting with a letter M. These

Read More…

Posted in Balanced Scorecard Theory
Tags: , , ,

Stop Measuring All the Wrong Things – Measurement Inversion

Stop Measuring All the Wrong Things - Focus on Metrics that Really Impact Your Business

A while ago, Doug Hubbard introduced me to the concept of measurement inversion. According to him the more something matters the less we tend to measure it and the less we know about it. Things that really matter are often highly imprecise and thus there is a great opportunity to

Read More…

Posted in Balanced Scorecard Theory
Tags: ,

Why Should We Focus Beyond Financial KPIs?

Why should we focus beyond financial KPIs?

When I ask my MBA students about the purpose of corporations, the typical answer that I hear is that it is to make a profit, to make money.  But if they are right, why should we focus on managing a company by any non-financial metric? After all, the company either

Read More…

Posted in Balanced Scorecard Theory
Tags: , , , , , ,