Building the Balanced Scorecard for Your Business

By Charles Hannabarger, Frederick Buchman, Peter Economy

Part of Balanced Scorecard Strategy For Dummies Cheat Sheet

Building your balanced scorecard strategy requires that you take these fundamental steps so that it will be strong and deliver the benefits you want and need for your business to thrive and grow:

  1. Develop your vision, mission, and guiding principles.

  2. Develop your strategy map.

  3. Develop your scorecards for the four legs.

  4. Develop your balanced scorecard measures and dashboards.

  5. Establish your leadership and management team’s alignment, authority, and responsibilities.