How Does “20-20” Balanced Scorecard Performance Management Occur
“20-20” Balanced scorecard provides a structured approach to monitoring and managing the assets of your business like finance, HR, technology etc through the changes necessary for successful strategy implementation.
The heart of the scorecard implementation occurs in the Data Entry section of the map where the decisions are made on what needs to be monitored, how it will be measured and how often the measurements will be recorded. The analysis of results for balanced scorecard performance management occurs from the Results section.
Performance analysis is possible at different levels. You can monitor and report the results for the entire organization at the highest level and segment the results by strategy, person, department, sector and process providing plenty of flexibility for your performance management.
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