Dinesh DivekarDear Muhammad Hassan,
There is nothing like auspicious time to launch a management initiative. However, the problem is that if you launch Balance Score Card (BSC) on your own, it could be risky as it could be faulty installation. In contrast, if you hire external consultant, your management may not be in position the hiring charges.
However, I have different to question to ask. Have you studied advantages and disadvantages of BSC completely? If yes, then how will you overcome the shortcomings? What if I provide a solution that is far more comprehensive than BSC? For further discussion, you may call me on my mobile or send me mail.
I provide consulting services to establish comprehensive Performance Management System (PMS). Click the following link to refer more about it:
From India, Bangalore
honeyanshiBSC can launch at any time but start and understand from top and cascading to bottom. HR should play pivotal role and other units,department & individuals actively participate in this initiative. This will help in fair increment & performance appraisal also.
Mr Divekar is right, consultant become very good catalyst to initiate it.
From India, undefined
RLouisI would not advise implementing BSC in a declining business environment.
It would just kill the initiative. Employees will become defensive and will view this tool as a tool to force improvement in performance.
Its a valuable tool but needs to be used with precision at the right time.