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Scorecard Best Practices
book

Scorecard Best Practices

by Raef Lawson, Denis Desroches, Toby Hatch
November 2007
Intermediate to advanced
208 pages
5h 13m
English
Wiley
Content preview from Scorecard Best Practices

Summary

The guidelines given in this chapter are based on our analysis of the scorecard experiences of hundreds of organizations. To summarize the best practices presented in this chapter:

Ensure that there is a tie between the scorecard system and the overall strategy of the organization.

Align employee performance evaluation measures with scorecard measures.

Link the compensation and reward systems (eventually) to the scorecard system, if it is appropriate to your organizational culture.

Implement the system pervasively, but in phases.

Make sure your cost management system can adequately support the scorecard system.

Err on the side of tracking fewer measures (you can always add more as needed).

Balance the scorecard's measures (financial versus nonfinancial, leading versus lagging).

Choose financial measures wisely; they are still very important.

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Publisher Resources

ISBN: 9780470129463Purchase book