Dear,
I would like to know the right time to launch and implement the balanced scorecard in a company that is facing deteriorating business conditions, a low market, losses, cost-cutting measures, low recovery amounts from the market, and layoffs.
Can anyone suggest if implementing the Balanced Scorecard under the above conditions would be helpful for the company?
Muhammad Hassan
From Paraguay
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8I would like to know the right time to launch and implement the balanced scorecard in a company that is facing deteriorating business conditions, a low market, losses, cost-cutting measures, low recovery amounts from the market, and layoffs.
Can anyone suggest if implementing the Balanced Scorecard under the above conditions would be helpful for the company?
Muhammad Hassan
From Paraguay
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Dear Muhammad Hassan,
There is nothing like an auspicious time to launch a management initiative. However, the problem is that if you launch the Balanced Scorecard (BSC) on your own, it could be risky as there may be a faulty installation. In contrast, if you hire an external consultant, your management may not be in a position to bear the hiring charges.
I have a different question to ask. Have you studied the advantages and disadvantages of the BSC completely? If yes, then how will you overcome the shortcomings? What if I provide a solution that is far more comprehensive than the BSC? For further discussion, you may call me on my mobile or send me an email.
I provide consulting services to establish a comprehensive Performance Management System (PMS). Click the following link to learn more about it: https://www.citehr.com/520630-samle-...ml#post2359425
Thanks,
Dinesh Divekar
From India, Bangalore
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There is nothing like an auspicious time to launch a management initiative. However, the problem is that if you launch the Balanced Scorecard (BSC) on your own, it could be risky as there may be a faulty installation. In contrast, if you hire an external consultant, your management may not be in a position to bear the hiring charges.
I have a different question to ask. Have you studied the advantages and disadvantages of the BSC completely? If yes, then how will you overcome the shortcomings? What if I provide a solution that is far more comprehensive than the BSC? For further discussion, you may call me on my mobile or send me an email.
I provide consulting services to establish a comprehensive Performance Management System (PMS). Click the following link to learn more about it: https://www.citehr.com/520630-samle-...ml#post2359425
Thanks,
Dinesh Divekar
From India, Bangalore
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BSC can launch at any time but start by understanding from the top and cascading to the bottom. HR should play a pivotal role, and other units, departments, and individuals should actively participate in this initiative. This will help in fair increments and performance appraisals as well.
Mr. Divekar is right; consultants can become very good catalysts to initiate it.
From India, undefined
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Mr. Divekar is right; consultants can become very good catalysts to initiate it.
From India, undefined
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I would not advise implementing BSC in a declining business environment. It would just kill the initiative. Employees will become defensive and will view this tool as a way to force improvement in performance.
It's a valuable tool but needs to be used with precision at the right time.
Best regards, Raj
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It's a valuable tool but needs to be used with precision at the right time.
Best regards, Raj
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