Balanced Scorecard Implementation in SMEs

What you should know about implementing balanced scorecards in small and medium sized businesses.

Balanced Scorecard Implementation in SMEs

Balanced Scorecard has been widely adopted in Medium and Large organisations since it was introduced in the early 1990s. But is the idea relevant and useful to small business?

Recent research indicates that the quality of strategic planning is likely to have a direct impact on business performance. These findings, however, challenge SMEs with squaring improved strategic planning with the competitive advantages of being a “simple” and highly responsive organisation.

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