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Evaluate the right indicators having the greatest impact on total persormance

Business owners and top managers started feeling the necessity to evaluate business performance and develop strategic goals when it became understood that greater production output and high quality...

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Advantages of Balanced Scorecard – Balanced Scorecard Pros and Cons

Have you ever thought whether not your business can do more and earn more money for you?  Well, maybe you can, but in order to learn that you have to evaluate current performance of your company....

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BSC as performance evaluation tool and a system for strategic management

Measurement of business seems rather easy to first glance.  Indeed it seems like all you have to do is to evaluate financial indicators and perform simple mathematical operations.  The company may be...

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Check out new product from AKS-LABS: SWOT analysis guide

Get yourself swot analysis guide Nowadays there exist a great variety of strategic management tools.  Some of them have rather theoretical nature while others urge companies’ top management for action....

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Motivated personnel drives company to success

There are many success factors in implementation of balanced scorecard.  First and foremost, company top management should have a true faith in this system.  Moreover, top managers and business owners...

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BSC and personnel motivation issues

The concept of balanced scorecard implies full involvement of personnel in development of strategy and everyday maintenance of this revolutionary strategic management tool.  It’s not an easy task to...

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It is important to create an effective working group in charge of BSC...

Why did some companies fail to implement strategic goals?  There are various reasons and explanations.  Very often top managers and business owners criticize balanced scorecard.  They blame this system...

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Peculiarities of BSC discussion

Have you ever thought why balanced scorecard has so many critics?  Some managers claim that this system has become an inseparable part of their everyday routine in the company while others say that...

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Business planning and budgeting – How to measure your business performance

Have you thought what it takes to measure your business performance and ensure that your business is improving with time? There is no magic or supernatural power that will tell that your business is on...

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Nothing motivates for the Balanced Scorecard like results

There is a research of the biggest frustrations that people face when implementing the Balanced Scorecard. The answer is: Motivation! Yes, it is possible to buy some software system to support the...

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