2min chapter

Tropical MBA: Entrepreneurship & Founder Lifestyle cover image

TMBA 688: Mailbag: What Can Scorecards Do For You? And Equity Split Dilemmas

Tropical MBA: Entrepreneurship & Founder Lifestyle

CHAPTER

How Scorecards Can Improve Your Hiring and Management

A scorecard clearly communicates job expectations, quarterly goals and projects. Scorecards are a way to provide regular and balanced feedback to team members. They should have a clear understanding of what's expected from them. Create a standard for growth when performance is good, or improvement plans when performance is poor.

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