Tip Drumstick
The Balanced Scorecard Approach: Tip of the Day for Busy Managers
There is an entire micro-industry out there called The Balanced Scorecard. It is simultaneously one of the simplest, and therefore effective tools in business, as well as an absolute waste of time and resources in some companies based on how they implement it. Join us this week, as we discuss how individual leaders can effectively use the concepts of the Balanced Scorecard to make better decisions, and better run their businesses.
Monday’s Tip (Balanced Scorecard Approach): Use metrics from at least four different perspectives. If you’ve only got “one number”, you run a serious risk of damaging your business. Use the four standard Balanced Scorecard perspectives as your starting point: Financial, Customer, Internal Process, Learning/Innovation.
Tuesday’s Tip (Balanced Scorecard Approach): Don’t ignore your leading indicators. Most companies do well with lagging indicators like those often found in the financial perspective. Make sure you attempt to measure leading indicators, for example how well your organization learns and innovates.
Wednesday’s Tip (Balanced Scorecard Approach): Link your leading indicators to firm performance. How do your indicators (or those of your department) contribute to the overall? If you can draw this link clearly for employees, they are much more likely to embrace performance metrics.
Thursday’s Tip (Balanced Scorecard Approach): Tell people their score regularly. A Balanced Scorecard that is never talked about or that is kept secret is a waste of time. Put performance metrics where everyone can see them, and help them to better understand them.
Friday’s Tip (Balanced Scorecard Approach): Allow your metrics to evolve over time. You should start by measuring something. Over time, you will figure out what metrics are meaningful, and which ones are not worth continuing to track. Don’t be afraid to adjust them over time.
Improve your leadership skills! Visit www.wilymanager.com for Just-in-Time Management Advice.
Watch our video about the Balanced Scorecard Approach.
Question of the Week: Measurement in a production environment is easy, but in service or professional jobs it is more difficult. Is trying to measure white-collar performance a waste of time?
Join Wily Manager on Facebook, LinkedIn, and Twitter.
Wily Manager is also on iTunes - Subscribe to our free weekly podcast, with management tips and advice for busy managers and leaders.
Find Tip Drumstick On eBay Below:
Recently Purchased Tip Drumstick:
pair of new zildjian select hickory drumsticks 5b plastic tips usa, 24 pairs 5b wood tip natural maple drumsticks pro 48 drum sticks new, pro mark 5b american hickory drumsticks wood tips single pair, vater 5b hickory wood tip drumstick 3 pack color wrap pair silver optic 5b, vater tenor drumsticks nylon tip, 12 pairs drum sticks drumsticks 7a hickory, wood tip, vic firth american custom sd4 combo maple wood tip drumsticks, vic firth buddy rich signature drum sticks nylon tip pair sbrn es, vic firth american classic 7an nylon tip drumsticks 2pr, first act brand 2 pairs matched wood drumsticks classic 5b traditional wood tips, vic firth steve gadd signature drum sticks nylon tip pair ssgn es, 24 pairs 5a wood tip natural maple drumsticks pro 48 drum sticks new, 24 pairs 2bn nylon tip natural maple wood drumsticks pro 48 drum sticks new, on sale for memorial day american classic® nylon red tip hickory drumsticks , vic firth dave weckl evolution signature drum sticks nylon tip pair sdw2n es, vic firth dave weckl signature drum sticks nylon tip pair sdw es, vic firth american classic 2b wood tip drumsticks 2pr, vic firth american classic 2bn nylon tip drumsticks 2pr, vic firth american classic rock wood tip drumsticks 2pr, vater xtreme design drumsticks warrior wood tip, custom cut mini drumstick, nylon tip, with leather chord, galaxy black, gold tip, vic firth nova wood tip 5b woodtip drum sticks 12 pairs great quality, vic firth american classic rockn nylon tip drumsticks, vic firth sdw dave weckl wood tip drumsticks 2 pairs, vic firth sbr buddy rich wood tip drumsticks 2 pairs, zildjian hickory drumsticks, 5b wood tip, blue, 5bwbu, zildjian hickory drumsticks, 5a nylon tip, blue, 5anbu, zildjian hickory drumsticks, 5a wood tip, blue, 5awbu, vic firth american classic rock hickory nylon tip drumsticks vrockn, vic firth american classic 3a hickory wood tip drumsticks v3a, vic firth american classic 5a hickory wood tip drumsticks v5a, vic firth 5an drum sticks american classic, nylon tip, vic firth american custom sd10 swinger maple wood tip drumsticks, vic firth american classic 7a hickory wood tip drumsticks v7a, new pro mark txjzn drum sticks hickory, nylon jazz tip, vic firth 3a drum sticks american classic, wood tip, vic firth peter erskine signature series ride hickory wood tip drumsticks, 5 pr vic firth american classic 5a wood tip drumsticks, drumsticks goodwood by vater percussion 5a wood tip american hickory new, zildjian 1 pair hickory 5a wood tip drumsticks 5awn new fast free shipping, vic firth sdw dave weckl signature wood tip drum sticks, vater vh5bn nylon tip 5b drum sticks, vic firth jack dejohnette signature series hickory wood tip drumsticks, zildjian 5anp purple dip 5a nylon tip drumsticks, zildjian 5anp purple dip 5a nylon tip drumsticks 3 pair, zildjian 6 pair absolute rock wood tip black drumsticks rkwb discontinued, new zildjian 7a wood round tip drum sticks drumstick, zildjian 7a nylon tip 1 pair usa select hickory drumsticks free shipping, on stage stands 5a wood tip hickory drumsticks 5a wood tip hickory pair, zildjian 7a wood tip 1 pr usa select hickory drumsticks free shipping, zildjian 5b nylon 5bwnd 1 pair nylon tip drum sticks free shipping, pro mark shira kashi oak ja jazz wood tip drum sticks pwjzw, vintage 5 pair regal tip silhouette drum stick unused stored 4 over 20 years, new 1 pair zildjian jason bohnam wood tip drum sticks , zildjian 5aw 1 pair wood tip usa select hickory drum sticks free shipping, pro mark hickory 419 wood tip drum stick oval wood tip tx419w, pro mark hickory 5c charlie adams wood tip drum sticks tx5cw, pro mark hickory 718l terreon gully wood tip drum sticks tx718lw, pro mark shira kashi oak 5ast stinger wood tip drum sticks pw5astw, pro mark shira kashi oak sd22 dennis delucia wood tip drum sticks pwsd22w, lot of twelve sets vic firth wooden tip drumsticks usa hickory 5a, zildjian 5bw wood tip 1 pair usa select hickory drum sticks free shipping, new pro mark pw727w drumsticks japanese white oak tip, vic firth srhn drum sticks corpsmaster snare, nylon tip, vic firth rock drum sticks american classic, wood tip, new pro mark pw707n drumsticks 5a, nylon tip, oak stick, vic firth 3an drum sticks american classic, nylon tip, pro mark pw808w drumsticks 808 tip japanese white oak, vic firth sd1 jr drum sticks american custom wood tip, vic firth sd1 drum sticks american classic, wood tip, vic firth nova wood tip 5a woodtip drum sticks 12 pairs great quality, vic firth 7an drum sticks american classic, nylon tip, new pro mark pw808n drumsticks 5b,