Efficiency and Effectiveness of Balanced Scorecards Discussion
Question Description
Im working on a health & medical discussion question and need an explanation and answer to help me learn.
According to McLaughlin and Olson (2012), a key component of effective operations is the ability to move strategy to action (pg. 13). Once a health care organization has a strategy, it is then necessary to select the accurate assessment tool to implement the strategy. Balance scorecards, strategy maps, and dashboards are three organizational assessment tools that are used frequently to move a strategy into action.
Read the article, The balanced scorecard, strategy maps and dashboards: Why are they different? at the following link: http://www.cgma.org/magazine/2013/jul/20138186.html
Identify two (2) issues from the list of top issues confronting hospitals in 2016 published by the America College of Healthcare Executives (https://www.ache.org/pubs/research/ceoissues.cfm)
Then choose one (1) tool (balanced scorecard, strategy maps, or dashboards) per selected issue and discuss (from a health care manager perspective) how you would use that tool to minimize the selected issue.
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