Management Control

Posted on March 7, 2019 in News

Here you will get a simple explanation of what is the box of command and why it is important for SMEs and the self-employed. Also explains the steps to put the scorecard. Control of our management and the balanced scorecard, your essential tool box are the key instruments to carry out in an optimal way the strategy of our activity. There is a misperception of the scorecard is something suitable only for large, that SMEs or even the self-employed have no resources (or time) for those things. Gross error that puts them at a distinct disadvantage.

Small and medium-sized activities can extract more benefits of the balanced scorecard to be much more feasible to implement and follow-up, precisely due to the smaller size gives the possibility of controlling everything more detailed manner and to carry out his strategy more effectively. Our strategy as a SME or autoomos should lead to objectives, actions, a few dedicated resources etc. and the scorecard is the tool for you carry out the implementation of such a strategy, prevent deviations from our objectives and provide solutions. Prevent, rather than cure, it should be the function of our Management Control derived from the scorecard, analyze the reason of possible deviations and, on the basis of that analysis, also take advantage of opportunities that may arise to improve our goals and optimize our strategy and our actions. The balanced scorecard, essential tool box. The balanced scorecard is a tool popularized by Robert Kaplan and David Norton, it is a Control box with the key activity indicators, divided into four groups (finance, client, staff and internal processes), so that you can see the evolution of these key indicators, see where we are hitting and where we need to improve, so that we are in control of the essential aspects of our activity and at all times we have the reins and let us know where take the horse to achieve the objectives.