Test your BSC knowledge now
Balanced scorecard is in fact much more complex than one might think looking at schemes and tables illustrating the 4 perspectives of BSC. The process of BSC implementation is something much bigger than that. It should be noted that in order to successfully implement BSC the company should spend serious money and make serious efforts. In other words the company should be ready theoretically, financially and organizationally, otherwise balanced scorecard will be just another performance management system that doesn’t work.
As already said, the company top management and personnel need to be ready to implement balanced scorecard. This readiness should be expressed in understanding of balanced scorecard concept, the way this system works, the weight every employee contributes to implementation of strategic goals etc. The problem is that if company management and personnel do not understand why they use balanced scorecard and what balanced scorecard really is, this popular performance evaluation system will not help company reach strategic goals. This is not going to happen unless people working in and running the company are well educated on balanced scorecard.
The other problem is that a company should know for sure whether or not it needs balanced scorecard. Generally, there are four main signs that indicate that a company needs implementation of Balanced Scorecard System. They go as follows:
- Management of the company does not participate in strategic planning of devotes very little time to company strategy and mission
- Personnel does not understand what the company strategic goals and mission are
- There is no operational control in the company
- There is no feedback and communication between companies in one big holding
It is extremely important to check if the company management and personnel are ready to use balanced scorecard as implementation of this system is not cheap. AKS-LABS offers free questionnaire on balanced scorecard that will help top managers and ordinary employees evaluate balanced scorecard knowledge. It would be unreasonable to start BSC implementation without knowing much of the system.
Check your BSC knowledge
How can this questionnaire be helpful for a company? For example, it is possible to evaluate knowledge of ordinary employees or midlevel management on balanced scorecard. It would be also helpful for people directly responsible for BSC implementation to undergo such a test.
The questionnaire covers major questions related to balanced scorecard issues such as principles of BSC, KPI selection, strategic map in strategic planning etc.
Download questionnaire from this page
Read more on BSC test here
Do you know much of BSC?
