Tropical MBA: Entrepreneurship & Founder Lifestyle TMBA 688: Mailbag: What Can Scorecards Do For You? And Equity Split Dilemmas
Feb 9, 2023
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Importance of Alignment
- Alignment is crucial for business growth, especially when scaling.
- It ensures everyone understands the goals and executes accordingly.
Use Scorecards
- Implement employee scorecards to establish accountability and clarity.
- Scorecards clarify job expectations and provide regular feedback.
Before & After Scorecards
- Without scorecards, there's ambiguity around roles, compensation, and results.
- Questions arise about what people are doing and what their goals are.