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  • Adil Malia

One from the Querist Corner


Dear Prasoon, (see doodle for your query) Our perpetual search for magical tools makes us look at Business Score Cards from that perspective. Whilst strategy & planning are critical to war, actual battlefield warcraft is as critical to success. BSCs are similar. Business Score Cards should not be seen in isolation but be considered as a part of a structured 'Change Management Journey' . Most organizations make a blunder of considering it as a part of the Business Planning Process. Thus they fail. Let me explain the rigour of the 6 steps : 👉 Explaining the 'burning platform' to build an urgent need for Change. 👉 Broadcasting & Marketing the BSC to all business to get a total buy-in to build a community around it. 👉 Integrating BSCs with corporate governance processes like strategy, development, planning, budgeting etc 👉 Communicating the BSC strategy to influential people & target audiences thru Impactful and engaging communication messages & effective identification of channels 👉 Linking BSC to Compensation & Rewards system 👉 Maintain focus & visibility thru ongoing reviews on BSC to ensure consistent Executive visibility. ' Prasoon, the laborious work on strategy & planning done by you, is 70% of the job. There is more to it & I wish you a successful journey ahead. Read more in Querist Corner


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