Many companies make the mistake of implementing action plans that are of no consequence to the root cause of the problem to achieve balanced scorecard banking.
Balanced scorecard banking is quite different from the other scorecards that companies use to measure how they are performing in terms of CTQs or Critical to Quality standards. Any business needs to have a standard of reference of what is right and what is wrong. These standards are always based on the specifications of the end users or customers, as well as the financial impact a process will bring.
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