According to studies, the BSC is being implemented in nearly two-thirds of North American corporations. Indicative of the system's growth, many of these implementations are less than six months old. Thus, as a manager, if the system has not yet been encountered, it most likely will be in the near future.

What does this mean to managers?

FIRST, recognize the Balanced Scorecard for what it really represents. Essentially, the BSC is a measurement framework through which organizations define strategic goals at every level in an organization with measures attached to each goal - thus enabling managers to review past and predict future performance and to take corrective improvement action. The BSC is significantly different than other management systems in that it forces organizations to measure only the top few strategic goals and to align every employee behind their interpretation of these goals. Ultimately, the BSC is a proven methodology to execute an enterprise strategy.

SECOND, embrace the power of the Balanced Scorecard. If managers can deftly create their divisional, departmental or team goals, identify useful measurements, and enable those working for them to take predictive action against performance shortfalls, the BSC can truly become a value-added manager's tool.

THIRD, understand the big picture of enterprise strategy execution. Organizations that have successfully deployed a Balanced Scorecard framework and achieved notable results all followed these 10 steps:

1. Develop a solid strategy A solid strategy is the keystone to business success. Without a solid strategy, success is unobtainable. Of course, without execution, a solid strategy is meaningless.
2. Translate the strategy into a scorecard of clear objecti
   Burglar-Proofing Your Business - Nine Tips for Business Security
   Many business owners take basic steps to protect their business from break-ins—but most don’t think a burglary is really likely until it happens to them. Don’t wait for a break-in to put a solid business security plan in place. Here are a few tips on how you can protect your business, your employees, and your livelihood from robbery.For retail: Make sure you know when someone enters the store. Many retail businesses install a chime over the door so that employees know whenever someone enters or leaves. This allows for better customer service—if your employees know when a customer is coming in, they’re more prepared to help. It also ensures that nobody can sneak up on you or your employees.For office space: Install a swipe-card system. If you don’t have a way to ensure only employees enter your office space, anyone could come right in. Office intrusions are more co
   eby solidifying the BSC a "here to stay" rather than just another passing fad.

   According to studies, the BSC is being implemented in nearly two-thirds of North American corporations. Indicative of the system's growth, many of these implementations are less than six months old. Thus, as a manager, if the system has not yet been encountered, it most likely will be in the near future.

   What does this mean to managers?

   FIRST, recognize the Balanced Scorecard for what it really represents. Essentially, the BSC is a measurement framework through which organizations define strategic goals at every level in an organization with measures attached to each goal - thus enabling managers to review past and predict future performance and to take corrective improvement action. The BSC is significantly different than other management systems in that it forces organizations to measure only the top few strategic goals and to align every employee behind their interpretation of these goals. Ultimately, the BSC is a proven methodology to execute an enterprise strategy.

   SECOND, embrace the power of the Balanced Scorecard. If managers can deftly create their divisional, departmental or team goals, identify useful measurements, and enable those working for them to take predictive action against performance shortfalls, the BSC can truly become a value-added manager's tool.

   THIRD, understand the big picture of enterprise strategy execution. Organizations that have successfully deployed a Balanced Scorecard framework and achieved notable results all followed these 10 steps:

   1. Develop a solid strategy A solid strategy is the keystone to business success. Without a solid strategy, success is unobtainable. Of course, without execution, a solid strategy is meaningless.
   2. Translate the strategy into a scorecard of clear object
      The Right Way to Use Automated Email
      Using an online registration system to register attendees for your next event can significantly diminish your workload and increase attendance, but automated follow-up by email is essential for the success of your event. In fact, there are two different (yet still very important) ways to use it:1. To send out automatic confirmations to newly registered attendees.2. To send out reminder emails to registrants as the date of the event approaches.Automated confirmation emails will build confidence with your registrants. They'll know instantly that they are “IN” and confirmed for the event. It’s one less thing for them to have to think about. What's more, you won't have to deal with pesky questions like: "Did my registration go through?"Unfortunately, there will always be no-shows at every event. In fact, some meeting planners report no-show rates as high as 30
      orecard for what it really represents. Essentially, the BSC is a measurement framework through which organizations define strategic goals at every level in an organization with measures attached to each goal - thus enabling managers to review past and predict future performance and to take corrective improvement action. The BSC is significantly different than other management systems in that it forces organizations to measure only the top few strategic goals and to align every employee behind their interpretation of these goals. Ultimately, the BSC is a proven methodology to execute an enterprise strategy.

      SECOND, embrace the power of the Balanced Scorecard. If managers can deftly create their divisional, departmental or team goals, identify useful measurements, and enable those working for them to take predictive action against performance shortfalls, the BSC can truly become a value-added manager's tool.

      THIRD, understand the big picture of enterprise strategy execution. Organizations that have successfully deployed a Balanced Scorecard framework and achieved notable results all followed these 10 steps:

      1. Develop a solid strategy A solid strategy is the keystone to business success. Without a solid strategy, success is unobtainable. Of course, without execution, a solid strategy is meaningless.
      2. Translate the strategy into a scorecard of clear object
         Home Business - Make Sense Of The Failure Rate
         When there is such an enormous choice of ways to make money at home, it seems strange that so many people fail when they try to start their own home business. Do they all choose the wrong business for them or is there something inherently wrong with the idea of earning money working from home? The statistics produced in regard to home businesses say that 90% will come to an end within the first five years. Ninety percent is a frighteningly high failure rate. If we assume the statistics are correct, should we let them deter us from working from home?Some people quote a failure rate of 95% or 98% for Internet based businesses but, for now, let's assume the failure rate is at the same 90% level for any home business (online or offline). One thing that the figures don't reflect is that five years is a long time for most of the people who start their own home based business. A
         employee behind their interpretation of these goals. Ultimately, the BSC is a proven methodology to execute an enterprise strategy.

         SECOND, embrace the power of the Balanced Scorecard. If managers can deftly create their divisional, departmental or team goals, identify useful measurements, and enable those working for them to take predictive action against performance shortfalls, the BSC can truly become a value-added manager's tool.

         THIRD, understand the big picture of enterprise strategy execution. Organizations that have successfully deployed a Balanced Scorecard framework and achieved notable results all followed these 10 steps:

         1. Develop a solid strategy A solid strategy is the keystone to business success. Without a solid strategy, success is unobtainable. Of course, without execution, a solid strategy is meaningless.
         2. Translate the strategy into a scorecard of clear object
            The Right Way to Use Automated Email
            Using an online registration system to register attendees for your next event can significantly diminish your workload and increase attendance, but automated follow-up by email is essential for the success of your event. In fact, there are two different (yet still very important) ways to use it:1. To send out automatic confirmations to newly registered attendees.2. To send out reminder emails to registrants as the date of the event approaches.Automated confirmation emails will build confidence with your registrants. They'll know instantly that they are “IN” and confirmed for the event. It’s one less thing for them to have to think about. What's more, you won't have to deal with pesky questions like: "Did my registration go through?"Unfortunately, there will always be no-shows at every event. In fact, some meeting planners report no-show rates as high as 30
            the big picture of enterprise strategy execution. Organizations that have successfully deployed a Balanced Scorecard framework and achieved notable results all followed these 10 steps:

            1. Develop a solid strategy A solid strategy is the keystone to business success. Without a solid strategy, success is unobtainable. Of course, without execution, a solid strategy is meaningless.
            2. Translate the strategy into a scorecard of clear objectives By translating a strategy into objectives (short verb-noun statements), managers and front-line employees are provided understand both what is expected and why. To achieve the best results, the scorecard should be focused on no more than ten strategic objectives.
            3. Attach measures to each objective After translating a strategy into objectives, managers and employees must know if and when the objectives are being achieved. Thus, each objective should be given at least one – but not more than three – measurements that are accurate milestones for achievement.
            4. Cascade scorecards to the front line Operational management and front-line employees do the actual work that makes strategies happen. Thus, organizations should ultimately develop scorecards at every level in an organization, allowing each person to see how his or her specific job duties align and contribute to the higher-level goals. By cascading scorecards, strategy then becomes "everyone's" job.
            5. Align existing core processes to objectives As the scorecards are being deployed, managers need to re-examine their existing core processes and determine if they are linked to the corporate strategy. If such linkages are not found, the processes should be reconsidered. Aligned processes are often the best places to find appropriate measures for lower level scorecards.
            6. Deliver measurement-based performance feedback Managers should accord each employee in an organization periodic feedback on how his or her individual and corporate measures have progressed. Monthly reviews of scorecard content and related improvement initiatives are an ideal format for this feedback.
            7. Hold people accountable for performance measures When performance measures go below or above pre-determined thresholds, organizations must hold specific individu