Top Five Balanced Scorecard Analysis Tips

By Charles Hannabarger, Frederick Buchman, Peter Economy

Part of Balanced Scorecard Strategy For Dummies Cheat Sheet

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.