Is it worth Implementing the Balanced Scorecard into Small and Medium-Sized Enterprises (SMEs)?
To answer that question we have to consider the quality of current Management Information systems, typically a multi-coloured Red; Amber; Green spreadsheet that purports to show Key Performance Indicators which, in many cases, provide results or data with no clear value or meaning. Does the Balanced Scorecard Really Work? Although what seems to be an obvious truth, the quote famously attributed to the Late Peter Drucker of “What gets measured gets done,” The Balanced Scorecard system of producing useful and important metrics for the various levels of business is undeniably effective and beneficial. The international consulting company Bain & Company conducts an annual survey on management tools among its large corporate clients. The results often show that Balanced Scorecards are used by approximately 70 percent of their clients with a very good to exceptional satisfaction level. This makes the Balanced Scorecard one of the most widely used strategic tools and places it within the few
Related Questions
- Why do you limit the proposals to small and medium-sized enterprises (SMEs) and to technological innovation? Should the Commission not also allow aid to large companies?
- What are the unique selling points (USPs) and the benefits of small and medium-sized enterprises (SMEs)?
- Is there a bonus programme for small to medium-sized enterprises (SMEs)?
