I support his concept Lead and Manage Using the Balanced Scorecard” noted at the end of the “Beyond the Text Commentary.”
My reason for supporting his concepts are as follow
First of all let us understand the meaning of balance Scorecard. The balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.
What balance scorecard suggest
The balanced scorecard is suggesting , that we view the organization from four perspectives, and to develop metrics, collect data and analyze it relative to each of these perspectives
AS we know that leaders foster new approaches and ideas, alter structures and cope with change; managers conserve and maintain stability and order and cope with complexity.Leaders welcome new options, develop choices, and create new approaches to long-standing problems; choose which decisions get made and how to communicate vision and strategy. Managers, in contrast, keep choices and options down to controllable levels; focus on how decisions get made and communicated. So leader’s task is very compax
By using balance Scorecard leaders do the following function properly
They translate strategy into operational terms so they are able to do business units and support functions, and it is primarily a management function. Leaders make strategy everyone’s job. They make strategy a continual process. I mean they make integrate strategy with planning and budgeting; introduce new reporting systems; and lead a new meeting . They mobilize change through executive leadership