Question

What are three important pitfalls to avoid when implementing a balanced​ scorecard?

Answer 1

Three important pitfalls to avoid when implementing a balanced scorecard are insufficient evidence, too much summarizing, and improper transitions.

Step-by-step explanation:

1. Insufficient evidence to support main ideas effectively: When implementing a balanced scorecard, it is important to provide strong evidence and data to support the goals and metrics chosen. Without sufficient evidence, the scorecard may lack credibility and fail to drive meaningful decision-making.
2. Too much summarizing rather than analyzing: A balanced scorecard requires in-depth analysis of key performance indicators to understand the underlying drivers of performance. Simply summarizing data without digging deeper can prevent organizations from gaining actionable insights.
3. Too few, too many, or inappropriate transitions: Transitions within the scorecard need to be carefully crafted to ensure a logical flow of information. Having too few, too many, or inappropriate transitions can make it difficult for stakeholders to understand the connections between different elements of the scorecard.