Communicating Balanced Scorecard LO18611

Jason Smith (jsmith@quantumsolutions.on.ca)
Tue, 14 Jul 1998 07:35:51 -0400

Replying to LO18588 --

>In an environment where financial numbers are the natural way of life:-
>
>1. How do you communicate the concepts and context of a Balanced Scorecard
>to the whole organisation, so that all the people see it as relevant to
>them?

I would use models based in Systems Dynamics to show how the hard numbers
are affected by the factors that make up a balanced scorecard.

>2. How do you wean people in financial services off hard measures of hard
>things - to hard measures of soft things?

I don't think you have to wean them off anything. It's simply a matter of
understanding the dynamic relationships between hard and soft factors as
loops of affect. Presented this way, it's hard to argue not monitoring
both.

-- 

"Jason Smith" <jsmith@quantumsolutions.on.ca>

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