Balanced Scorecard Fact Sheet and Statistics

There are some facts about Balanced Scorecard that one should check before starting implementation of this performance management system. As a result, we are sure, you will be interested in trying to implement this concept in your business. Please, try our BSC Designer for this purpose.

 

According to 2014 Global State of Strategy and Leadership Survey Report

  • 72% of the surveys executives answered that their business model “will be under threat in the next five years.”
  • 54% of respondents reported poor vertical alignment.
  • For strategy description executives use: 61% SWOT, 55% Financial Modeling, 49% Balanced Scorecard

Read more…

According to annual BSC Usage Survey for 2014

  • 64% of participants responded that they use the BSC for their strategic management.
  • 44% of the participants also responded that they report according to the BSC monthly.

According to study by Cranfield University

  • More than 50 percent of large enterprises use some type of a balanced scorecard
  • Balanced Scorecard Infographic95% of typical workforce does not understand its organizations’ strategy
  • 90% of organizations fail to execute their strategies successfully
  • 86% of executive teams spend less than one hour per month discussing strategy
  • 70% of organizations do not link middle management incentives to strategy
  • 60% of organizations do not link strategy to budgeting

According to BSC Frustration and Challenges report

According to 2GC Balanced Scorecard usage survey:

  • 31% of companies reported Balanced Scorecard as extremely helpful, 42% as a very helpful
  • 34% of interviewed companies use BSC for strategic management, 35% for reporting, 17% for operational management
  • 29% of companies used external consultants to design Balanced Scorecard
  • The most significant impacts of BSC implementation were found in business actions (83%) and behaviors (58%); Appraisal has impact of 63% and reward system has lower impact (about 30%)
  • Most Balanced Scorecards were used for the purpose of planning (79%), budgeting (70%), goal setting (51%)
According to Balanced Scorecard Forum
  • 80% of organizations using balanced scorecard reported improvements in operating performance
  • 66% of these organizations reported an increase in profits
According to Bain & Co
  • About 70 percent of organizations had at least partially implemented a balanced scorecard by 2006.
  • 50 percent of Fortune 1,000 companies are using the balanced scorecard
  • 30% of companies think that the most important to their company today is performance management

According to “Annual Business/Balanced Scorecard Survey

  • 37% of respondents are not satisfied with the way they measure their organization
  • 67% of respondents use spreadsheets
  • 19.5% use specialized performance management software
  • 19.5% answered that their business scorecard provides the right level of information to make strategic decisions
  • 31.2% have 11-20 KPIs on their scorecards and 37.7% have 1-10 KPIs
  • 40.3% of respondents confirmed that scorecard has a commitment from executive management, only 18.8% responded that there is a commitment from departments
  • For 44.2% of participants a business scorecard is still a measurement, not management tool
  • 20% of companies successfully implemented performance management software products and reported a positive influence of their scorecards on the ultimate business performance.

According to Indeed.com Salary Survey 

  • For the title “Balanced Scorecard” average Yearly Salary as of 2012 is $112,000.00
  • Average balanced scorecard salaries for job postings are 84% higher than average salaries for all job postings.

What experts say

User Profile

When we do a presentation of BSC Designer software people often ask: Who is the typical user of the BSC Designer? I’d formulate this question wider: Who is the typical user of the Balanced Scorecard concept?

While most business professionals can benefit from this concept there are certainly some specialists that are in our main user profile.

  • CEOs, company founders
  • Business Strategy and Strategic Planning professionals
  • Change Management, Process Improvement and Business development specialists
  • Process Management managers
  • Business Analysis and Management Consulting professionals
  • Quality Assurance managers
  • HR specialists
  • Supply chain managers
  • Marketing managers
  • Operations directors

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What is BSC Designer?

BSC Designer is a strategy execution software available as a cloud-based service and Windows desktop application.

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According to our users, BSC Designer is easy to install, configure and it helps a lot with Balanced Scorecard, strategy maps, and KPIs.

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To make it easier for the users to get started, we have a lot of free training materials for the software.

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What are your current challenges?

We help our users to get started with Balanced Scorecard, strategy maps, and KPIs. Here is a list of frequently asked questions and respective answers to them.

Q: What is the Balanced Scorecard?

Big picture about Balanced Scorecard A: Check out: Get the big picture about Balanced Scorecard article.

Q: I'm looking for a KPIs... how do I find good ones for our business?

How to find a KPI for... A: Check out our recommendations.

Q: Do you have some examples of the Balanced Scorecard?

Examples of Balanced ScorecardA: Sure, we have some here.

Q: Balanced Scorecard is about strategy execution, right? But what is a strategy?

Define strategy, create strategy mapA: Check these articles about strategy definition and creating strategy map.

Q: How do we cascade our top level scorecard throughout the company?

How to cascade a strategy mapA: Do it by business goals, read how.

More questions and answers...

BSC Lessons

Download BSC Designer and we will follow up with you with lessons about the Balanced Scorecard:

BSC Designer experts

Aleksey Savkin Performance Management and Balanced Scorecard

Kazim Ladimeji HR KPIs and Performance Expert

Levi Newman Effective KPIs and social metrics

Oana Boteanu Performance Management

Oleg Tumarkin Business Measurements

Upcoming events and talks

We organize, sponsor, and participate in various events related to the strategy execution.

  • "Building Balanced Scorecard Step by Step." 14 September - 5 October, 2015, online training. Read more...

Drop us a note if you want to meet up at these events.

Online training: Build BSC step by step

The best way to get started with the Balanced Scorecard is to join our online training.

Balanced Scorecard Training Online Strategy map, KPIs, cascading - it might be hard to put it all together. In the online training "Building BSC Step by Step" we explain all the nuances in simple words and help companies to build a prototype of their balanced scorecards.

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