Avoid these 8 Balanced Scorecard beginner mistakes

Many organisations use the Balanced Scorecard to cascade and track their strategy. If you plan to use the methodology as well, make sure you avoid these 8 beginner mistakes:

1. Senior management is not convinced and shows little commitment
2. The Balanced Scorecard is developed by ‘the happy few’
3. The internal/external project members have limited or only theoretical Balanced Scorecard knowledge
4. The Balanced Scorecard is only used by top management
5. The Balanced Scorecard stays too long in the development stage before it’s launched and used
6. There are not enough links to the strategy and planning processes
7. The content of the Balanced Scorecard is unrealistic
8. The Balanced Scorecard is only used for remuneration purposes