Balanced Scorecard Pitfalls

Balanced Scorecard is a strategic performance management tool that has enormous potential when applied properly, but to achieve its success is not without challenge. A whole sector of Bogsnes’s book “Implementing Beyond Budgeting” is dedicated to expounding how to apply Balanced Scorecard combining Beyond Budgeting philosophy by addressing the following seven pitfalls in the process:

1. A new box on top of old boxes…