Whether your goal is to become a more systematized organization, to scale your company or stabilize what you have accomplishes, scorecards can help. Utilizing weekly activity-based scorecards or KPIs will allow you to accurately gauge the pulse of your organization on a consistent basis.
Your scorecard is not your organization’s profit and loss statement; your scorecard allows you to keep tabs on all important activities that contribute to your success. Thus, you don’t have to wait for a quarterly review to pick up inconsistencies.
While your scorecard will not tell you what your financial numbers will look like at the end of the quarter, if you are able to monitor key metrics from your sales, operations, and finance departments on a weekly basis you will be able to react to issues and downturns as they arise.
There are a few rules to keep in mind when creating your departmental scorecards.
Metrics must be
measurable: when you implement a scorecard that is measurable you reduce the bias that lies within managing assumptions, opinions, egos, and emotions.
reviewed weekly: your scorecard metrics need to be weekly activity-based numbers that you can quickly review to measure whether your organization is on track.
Whether you are a small firm or an established company, we apply our experience and resources to help you identify opportunities to achieve your goals, provide operational efficiency through effective workflows and processes, and increase profits for your company. We have the resources to respond to your needs quickly.
Contact us and let’s chat about creating scorecards for your business
Click to see example KPIs for each of these industries
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Using social media is an easy way to reach potential customers and clients. Facebook allows you to connect with them in new ways that you couldn’t before and offers ads that you can buy for your business. An important thing to keep in mind is the return on your investment or ROI. The ROI refers to what you get back for the time, money, and effort you put into a social media account. No matter what type of business you run, you can get all the benefits of social media KPIs.