How to Establish and Manage BSC:Eight Step Checklist...
Clearly articulate business purpose and strategy
Communicate strategic objectives and link with those for the operations
Refine operating and other measures, financial and non-financials, for consistency, measurability and linkages. (Eliminate the ones which don’t serve strategic needs.)
Communicate these to all levels of the business operations
Establish challenging but achievable objectives by engaging all levels of the operations (BALANCED SCORECARD)
Link individual performance and compensation to the overall balanced scorecard
Support achievement of objectives, create review / feedback mechanism, and monitor and provide feedback on progress
Encourage and facilitate improvement actions to build/foster a continuous improvement culture