KPI management is as essential as implementation procedure for Balanced Scorecard. Sure factor, the option of the best key performance indications and growth and development of the best technique is vital for BSC success. Simultaneously upkeep of Balanced Scorecard and control over key performance indications is really a critical success factor for efficient utilization of Balanced Scorecard.
Incidentally, improper control over key performance indications is among the most typical mistakes in implementation and upkeep of Balanced Scorecard. Just getting some key performance indications isn’t enough. It’s important to adequately measure them, exchange acquired information between different managing levels, in addition to use evaluation leads to making decisions and strategy revision.