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Implementing Balance Scorecard for performance management
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Question posted: 11 14 2008 17:04:54 +0000,
1 answers, 259 views, last activity
07 06 2010 20:18:08 +0000
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There are several major challenges to developing and sustaining the balanced scorecard:
• Engaged leadership
• Maintaining momentum
• Measuring what matters
• Not using a disciplined framework to build the system
• Mistakenly thinking a scorecard system is a short-term project (it’s not….it’s a journey)
• Not involving a cross-section of the organization in developing the system
• Not thinking strategically enough
• Not incentivizing desired behavior changes
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