In a related post I took a look at the use of Balanced Scorecards in FMCG, Brewing and Pharmaceutical businesses but in fact they are entirely appropriate for any business. Whatever your business size or offering you will benefit from knowing exactly what is going on and where you need to improve.
For once I can name a specific company in this blog. Trotters Independent Traders (TIT) is a well known UK operation involved in general trading and “knocking stuff out”. This very flexible company is run by two entrepreneurial brothers with occasional “help” from a family elder statesman and with even less help from their acquaintances. They operate from an exclusive high-rise, corporate accommodation suite and while they are not yet super rich, “this time next year we’ll be millionaires“is their mantra. This is how the Trotters Independent Traders KPI Balanced Scorecard might look.
With a quick glance you can see who is being a dip-stick and who is playing a blinder in this company.Should you also follow a Balanced Scorecard approach to business? Cushty, you know it makes sense. Le monde est votre homard !
Image courtesy of Enchange.com