The Balanced Scorecard is one of the most widely adopted strategic planning tools used by businesses today. Unfortunately, most companies fail to translate the resulting strategy into actual business results. But successful executives are now discovering automated technology solutions as a means of operationalizing their Balanced Scorecard methodology. This new breed of applications enables them to cascade strategy, link individual performance to strategy, and attain proactive visibility — thus achieving the competitive advantage of a workforce that consistently delivers on strategic objectives.
The Balanced Scorecard has been widely adopted by top companies as a valuable strategic planning framework. By balancing the lagging indicators of financial measures with leading indicators of operational drivers, the Balanced Scorecard provides a comprehensive approach to strategic planning. The Harvard Business Review highlighted the Balanced Scorecard as one of the 75 most influential ideas of the century.