While organization growths old performance management method become ineffective. Getting bigger a company might experience higher employee turnover rate; firms lose focus and fail to achieve desired results. Learn how to use Balanced Scorecard to survive the growth stage.
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Survival of a growing business supported by Balanced Scorecard
1. WHY A BALANCED SCORECARD IS
CRUCIAL TO THE SURVIVAL OF A
GROWING BUSINESS
Based on
http://www.bscdesigner.com/bsc-is-crucial-to-the-survival-of-a-growing-company.
htm
By Kazim Ladimeji
4. BSC DESIGNER
THE ORGANIZATION IS
OPERATIONALLY IMMATURE
• There can be lots of: energy, creativity,
activity, and goodwill,
5. BSC DESIGNER
THE ORGANIZATION IS
OPERATIONALLY IMMATURE
• There can be lots of: energy, creativity,
activity, and goodwill,
• But this is often not channeled correctly,
meaning there is a lot of wastage and a lack of
focus in the right areas.
6. TRANSITION FROM OPERATIONALLY
BSC DESIGNER
IMMATURE ORGANIZATION
• There is a time in every start-up’s life when
they must start making that transition to
being a mature organization.
7. TRANSITION FROM OPERATIONALLY
BSC DESIGNER
IMMATURE ORGANIZATION
• There is a time in every start-up’s life when
they must start making that transition to
being a mature organization.
• Organizations start needing to make this
transition from immature start-up to mature
SME (Small and medium enterprises) when
they hit around 50 people.
8. TRANSITION FROM OPERATIONALLY
BSC DESIGNER
IMMATURE ORGANIZATION
• There is a time in every start-up’s life when they
must start making that transition to being a
mature organization.
• Organizations start needing to make this
transition from immature start-up to mature SME
(Small and medium enterprises) when they hit
around 50 people.
• If this transition phase isn’t correctly handled, the
organization can run into quite serious trouble.
9. FIRMS OFTEN LOSE FOCUS
AS THEY TRANSITION FROM
A START-UP TO AN SME
10. BSC DESIGNER
SKILLS' EMPHASIS SHIFTS
• A group of managers and staff who have been
hired and groomed to work well in small, tight
informal teams of people.
11. BSC DESIGNER
SKILLS' EMPHASIS SHIFTS
• A group of managers and staff who have been
hired and groomed to work well in small, tight
informal teams of people.
• They are geared toward working in a smaller
environment.
12. BSC DESIGNER
SKILLS' EMPHASIS SHIFTS
• A group of managers and staff who have been
hired and groomed to work well in small, tight
informal teams of people.
• They are geared toward working in a smaller
environment.
• However, those skills that were suitable for
operating in a company of 20 people, are less
suitable for working in a company of 100
people.
13. BSC DESIGNER
HIGH EMPLOYEE TURNOVER
• High employee turnover at this stage as the
less adaptable, early stage start-up employees
leave and are replaced by SME geared
employees.
14. BSC DESIGNER
HIGH EMPLOYEE TURNOVER
• High employee turnover at this stage as the
less adaptable, early stage start-up employees
leave and are replaced by SME geared
employees.
• A lot of the knowledge and information used
to operate the business leaves with those
departing employees as documentation and
systems tend not to be a priority.
15. BSC DESIGNER
THE RESULTS
• This makes it harder for incomers as the
information they need to do their jobs is often
not available.
16. BSC DESIGNER
THE RESULTS
• This makes it harder for incomers as the
information they need to do their jobs is often
not available.
• All this change in my experience can lead to a
loss of focus, direction and energy.
17. BRING BACK TEAM
COHESION, FOCUS AND
DIRECTION WITH A
BALANCED SCORECARD
18. BSC DESIGNER
SOLUTION
• The solution to this problem is for me simple
and that is that employees need to be
channeled so they are working in line with
business goals.
19. BSC DESIGNER
OBSTACLE
• The problem is that small business geared
senior managers are often not equipped to
communicate business goals in a larger more
established business.
20. BSC DESIGNER
OBSTACLE
• The problem is that small business geared
senior managers are often not equipped to
communicate business goals in a larger more
established business.
• It needs a much more sophisticated system of
communication and management than a
quarterly town hall meeting, to engage and
unify the efforts of a large work force.
22. USING BALANCED SCORECARD
• This is exactly the time that businesses should
be using a balanced score card.
BSC DESIGNER
23. USING BALANCED SCORECARD
• This is exactly the time that businesses should
be using a balanced score card.
• A balanced score is a simple management
concept where you establish high level
business goals
BSC DESIGNER
24. USING BALANCED SCORECARD
• This is exactly the time that businesses should
be using a balanced score card.
• A balanced score is a simple management
concept where you establish high level
business goals
• These goals are handed out to senior
managers and may be divided further into
sub-goals and handed out to middle managers
and eventually staff, right down to the cleaner.
BSC DESIGNER
25. USING BALANCED SCORECARD
• Having this kind of balanced score card is the
most effective way to motivate and channel
employee performance towards meeting
organizational objectives.
BSC DESIGNER
26. USING BALANCED SCORECARD
• Having this kind of balanced score card is the
most effective way to motivate and channel
employee performance towards meeting
organizational objectives.
• Used properly it can create, restore and
maintain, team cohesion, focus and direction
in organizations going through the stormy
transition between start-up and an
established business
BSC DESIGNER
27.
28. SOFTWARE SUCH AS THE
BSC DESIGNER MAKES
BALANCED SCORECARD
IMPLEMENTATION EASY
29. BSC DESIGNER MAKES BALANCED
SCORECARD IMPLEMENTATION EASY
• Using a tool like BSC Designer means you are
not starting from scratch like you would be if
you were doing it in Excel.
BSC DESIGNER
30. BSC DESIGNER MAKES BALANCED
SCORECARD IMPLEMENTATION EASY
• Using a tool like BSC Designer means you are
not starting from scratch like you would be if
you were doing it in Excel.
• The system has inbuilt: intelligence, tutoring
and a framework which you can follow to
implement a balanced score card in your
business.
BSC DESIGNER
31. BSC DESIGNER MAKES BALANCED
SCORECARD IMPLEMENTATION EASY
• Using a tool like BSC Designer means you are not
starting from scratch like you would be if you
were doing it in Excel.
• The system has inbuilt: intelligence, tutoring and
a framework which you can follow to implement
a balanced score card in your business.
• And so if your executive team are too stretched, a
smart business intern or PA could quickly set up
and manage this system for your management
team, if you didn’t have an executive free to do it.
BSC DESIGNER
34. BSC DESIGNER
HIGH LEVEL BUSINESS GOALS
• The system allows you to quickly add relevant
KPIs/goals to each high level business goal.
You can then add further levels of sub-goals to
reflect your operational hierarchy.
35. BSC DESIGNER
HIGH LEVEL BUSINESS GOALS
• The system allows you to quickly add relevant
KPIs/goals to each high level business goal.
You can then add further levels of sub-goals to
reflect your operational hierarchy.
• You can easily assign people to these goals
and sub-goals, thereby aligning employees
with organizational goals.
36. BSC DESIGNER
HIGH LEVEL BUSINESS GOALS
• The system then allows you to assign the
parameter for each goal
37. BSC DESIGNER
HIGH LEVEL BUSINESS GOALS
• The system then allows you to assign the
parameter for each goal
• You can assign update intervals for each goal
which means the system can also facilitate the
updating process.
39. TRACK OVERALL PERFORMANCE
• The BCS Designer system makes it easy for you
to track overall performance against business
objectives and to identify which specific areas
of the business are failing to deliver effectively
against performance goals.
BSC DESIGNER
41. BSC DESIGNER
REPORTS & DASHBOARDS
• A range of reports can be automatically
generated on the fly, including: Strategy Maps,
Digital Dashboards, and Risk Indicators
Reports.
43. BSC DESIGNER
A SUMMARY
• The BCS Designer is an example of a modern
enabling tool that will make it much easier for
you to manage your balanced scorecard
implementation,
44. BSC DESIGNER
A SUMMARY
• The BCS Designer is an example of a modern
enabling tool that will make it much easier for
you to manage your balanced scorecard
implementation,
• And align your organization to your company’s
goals, which is a crucial management
challenge which companies must overcome as
they move from a start-up to an established
small to medium sized enterprise.
45. Find more insightful
articles about the
Balanced Scorecard
in ”Articles” section at
www.bscdesigner.com
BSC DESIGNER
MORE ABOUT THE BALANCED SCORECARD
46. BSC DESIGNER
THANK YOU!
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