Al Bawaba (www.albawaba.com recently ran a story indicating, “According to recent survey of more than 1,000 organizations, 80 percent of the organizations that regularly use the ‘Balanced Scorecard’ (BSC) reported improvements in operating performance and 66 percent of them also reported an increase in profits. Correspondingly, a significant majority, 61 percent, reported improvements in bottom-line financial results.”
My question to you is, how many of you have a balanced scorecard for 2008? Probably not many.
More importantly, now that we’re a quarter into the fiscal year, how many of you still don’t have goals and objectives. Once again, probably most of you.