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Creating Effective Scorecards
Effective scorecards in a company should not be based on giving everybody a number to be accountable to. Instead, the focus should be on identifying key value drivers within the organization and determining the metrics that align with these value drivers. By starting with the company's value engines and conducting an audit to track what metrics should be monitored, a growth scorecard can be created to evaluate the success of each step or stage in the company's processes.