Analog Devices was the first company to implement a balanced scorecard company-wide on an Executive Information System. In fact, it has been running for 13 years. One of the major lessons that Analog learned was to trust the lead and lag relationship between non-financial and financial measures. This note was based in part from an interview with Art Schneiderman, pioneer of the balanced scorecard concepts at Analog Devices and Bob Stasey, VP of Quality at Analog Devices.
letter intent example
External financial reporting,internal operational control,GAAP,tax laws,Lag Indicators,performance indicators,leading performance indicator,business performance,performance management,balanced scorecard,business reporting architecture,lead-lag relationship,lag results,performance measurement systems,core business process level