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Home > Executive Report > Opinion
Is your organization using the Balanced Scorecard to measure the success of strategic initiatives and processes? A new book takes on the popular management-by-metrics methodology, deeming it antiquated and insufficient. Here, one of the book's authors puts forward six reasons to consider using a real-time approach, the Performance Power Grid.
We live in a constantly evolving world. From cars to cell phones to computers, nothing is quite the same as it was a decade (or even a year) ago. Efficiency and quality continually improve in the products we use every day. So why not in the management methodologies we use to run the projects that create these improved products? Does it make any sense that most businesses are still using the same ineffective management methodology they used back in the 1980s: the Balanced Scorecard?
While this method was a good step 20 years ago, it has been failing to live up to the promise of improving organizations for years. The good news is that organizational performance can be greatly improved by moving beyond the antiquated Balanced Scorecard approach. It is called the Performance Power Grid.
In case you are not familiar with the Balanced Scorecard, it was the methodology that made “management by metrics” so common.
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