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Post by account_disabled on Dec 11, 2023 10:05:05 GMT
The last topic that I always explain in my subject is the Balance Scorecard. This scorecard, which will surely be the subject of another article, must monitor the evolution of the objectives set by the company at the beginning of a given period. These objectives are the realization of the long-term strategy formulated by the company's senior management. We have to be clear. That the strategy should not be a consequence of these indicators, if not the other way around. Having said this, I would like to correct a mistake that many companies that develop this type of scorecards make: they Country Email List must not only monitor the evolution of the objectives; they must also monitor the critical success factors of our company When we study a business alternative. A case or exercise in a business school, we should always ask ourselves the following four questions beforehand: What product do we manufacture or service do we provide (would you be surprised how many companies are incapable of answering a question that seems so easy)? In which market do we compete (who are my competitors, customers, suppliers, substitute products.
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