Wednesday, November 26, 2014

CONTROL | Balanced Scorecard

What four questions could be used to organize the presentation of an up-to-the-moment balanced scorecard in the executive dashboard for a small business?


  1. The four questions to ask when developing a balanced scorecard for inclusion on an executive dashboard are:

    (1) Financial Performance—To improve financially, how should we appear to our shareholders?

    (2) Customer Satisfaction—To achieve our vision, how should we appear to our customers?

    (3) Internal Process Improvement—To satisfy our customers and shareholders, at what internal business processes should we excel?

    (4) Innovation and Learning—To achieve our vision, how will we sustain our ability to change and improve?

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