But by putting little weight into forward-looking internal and external metrics, such as sales forecasts, market share, competitor pricing and broad economic indicators, companies sabotage their own
balanced scorecard efforts.
That safety also frustrates the efforts of Speaker Hastert to encourage them to compromise with centrist Democrats on such bills as revision of the
Balanced Budget Act.
Yet one of the key benefits of the
Balanced Scorecard as defined by its inventors, Robert Kaplan and David Norton, is its ability to establish a communication system that bridges the gap between goals set by high-level executives and the frontline workers whose performance is ultimately responsible for reaching those goals.
Like the homeowner who ignores his rotting roof but prides himself on keeping his accounts straight, we can pride ourselves on achieving a
balanced budget in seven years.
Currently, 65% of the AIM
Balanced portfolio is allocated to stocks.
And without economic success, a
balanced budget in 2002 would soon prove as ephemeral in the United States as it has been in Sweden, Britain, and Mexico.
I would cut internal government waste, then realign and audit the government to meet
balanced budget amendment needs.
We're privileged and honored to be selected by the
Balanced Scorecard Collaborative to build and manage this Partnership Network," said John Tumminello, president of NorthPoint Services.
Users of certified
Balanced Scorecard applications are assured that those applications are compliant with
Balanced Scorecard Functional Standards, and can thus be used as the foundation of a strategic management system based on the
Balanced Scorecard.
At their most effective,
balanced scorecards can be powerful tools, providing concise, predictive, and actionable information about how a company is performing and may perform in the future, and world-class companies are 159 percent more likely than typical companies to have mature
balanced scorecards in place, according to Hackett's 2004 Finance Book of Numbers research.
As this occurs, the voiceover says "Introducing Level, the world's first perfectly
balanced vodka.
The
balanced scorecard remains a critical tool in employee performance measurement for world-class companies and smaller organizations alike.
