The Balance Scorecard has it’s advantages, but for a short, fast and regular analysis of immaterial values it is far to complex and much to slow. I've tried some practical ways and even try to implement Balanced Scorecard with MS Excel and only find in the end that Balance Scorecard just didn't go far enough to make it a really useful management tool. A scorecard may also lead to counterproductive actions if management decides to 'play the numbers' instead of improving performance. It can tell you the present status of different measures, but it cannot tell you how to achieve better performance.
Commenting by HaloScan
