Balanced Scorecard

[see Planning Implementation]

The balanced scorecard concept is relatively new on the business scene, but is rapidly gaining in popularity as a method of implementing and tracking business strategy.   Stripped down to its essence the balanced scorecard is the analysis of the cause and effect of business processes needed to successfully implement business strategy, with built-in measurements to track progress.  Where the balanced scorecard has gone beyond past implementation processes is the emphasis on factors other than the financial, hence the term "balanced."  As such there is more emphasis on leading indicators of future performance along with the tracking of past performance, which are often stated in financial terms.

Balanced Scorecard Framework

Drill Down Process in establishing cause & effect linkages that drive performance

Value Chain Analysis - business components reviewed during drill down analysis

 [ More information within Marketing Strategy ]

Additional resources for information on Balanced Scorecards

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Transformative Networking connecting change leaders to enable self-organized grassroots change.

Next Steps While still conceptual, transformative networking offers the possibility of leading change through the networking of those already interested or involved in similar initiatives, effectively tearing down existing silos of practice that exist across disciplines and fields of work.  The next step is to develop a proof of concept built on the theoretical underpinnings above, possibly using Google Wave as the collaboration platform.  Included will be identifying the minimal structure and governance required to enable self-organization within the network while not constraining what might emerge.  Join this initiative and help create the future of organizing - networking communities of interest.    

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Last modified: July 19, 2009