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 Balanced Scorecard concept in your business. Please, try our BSC Designer for this purpose.

 

  • More than 50 percent of large enterprises use some type of a balanced scorecard according to study by Cranfield University
  • 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 Balanced Scorecard 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