Happy Thursday everyone! It’s time for Episode 26 of Elevate18. In last week’s episode, we spoke of the ‘5 Whys’ technique, which is a powerful problem solving technique that was first used by Toyota nearly 100 years ago. If you missed it, you can catch up here.
This week, I want to introduce you to something that not only is a more holistic view of business performance, but ties directly back to your Vision and Strategy. Welcome to the Balanced Scorecard.
The balanced scorecard looks at your business from four different perspectives to measure its health and performance, you can see these on the board in the video. It’s called the Balanced Scorecard because it means you’re looking at strategic measures in addition to the traditional financial measures to get a more “balanced” view of the business.
Check out this week’s episode for the 4 different perspectives. As always, feel free to reach out to me if you have any questions.
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