Know so you can act. By focusing not only on financial outcomes but also on the operational, marketing and developmental inputs to them, a balanced and linked scorecard helps provide a comprehensive view of a business, which in turn helps organizations act in their best long-term interests.
A business cannot influence financial outcomes by only looking at financial statements, since they are lagging indicators. They should instead also measure those areas where direct management intervention is possible. In so doing, you will achieve a degree of balance and control throughout the business.
Horizon Line Group can help organizations to set up the right mix of measures – in addition to Financial Outputs – Customer, Supplier, Internal Business Processes and Learning & Growth, along with others to get proactive control to the business. We also have experience building the dashboard and analyzing data to allow executives and managers to act on the fluctuations in these measures as quickly as required.