Most Executives Unable to Take Balanced Scorecards From Concept to Reality

Less than 20 percent of all typical companies have mature balanced scorecard implementations in place that are generating business value, according to research from The Hackett Group, a business advisory firm and an Answerthink company. For full article, please read ...

What went wrong?

Most executives were not able to take the balanced scorecard from concept to reality. Primary reasons include too many business drivers and places far too much weight on historical performance and not enough emphasis on forward-looking measures. This exposes the problems with not-so-well-developed balanced scorecards.

What is the alternative?

Knowledge-Embedded Predictive Reports (KPRs) can improve business visibility harnessing BSC with predictive modeling and business logic using expert systems. KPRs can analyze changes in business drivers and co-inference them automatically to detect hidden patterns underneath complex numbers. KPRs incorporate predictive modeling with rule-based expert systems into report writing and charting systems

For more, please read Balanced Scorecard.