Top Five Balanced Scorecard Analysis Tips
Analysis is a vital part of a business's balanced scorecard strategy and is something you'll be doing often. Here's how to keep your analysis running in the right direction:
Always look for any key performance indicators that are not measuring up and performing as required.
Perform root cause analysis on those key performance indicators that are not performing as required.
Look for positive and negative trends in your key performance indicators.
Use statistical analysis or the Six Sigma tool set to gain a better understanding of your data and information.
Take the time to really understand what the information is telling you.