Revisit, revamp, and revitalize your business plan: part 3
Waldron, D.
Radiology Management 33(4) 20-26; Quiz: 28-29
2011
ISSN/ISBN: 0198-7097 PMID: 21870685 Document Number: 654166
Managing with financial statements is discussed, including fundamental definitions and conventions related to this process such as an income statement and a balance sheet. Balanced scorecards and dashboards can be used to measure progress and to communicate achievements. Steps taken to defining data using KPIs, sourcing data, and structuring the scorecard are outlined. A core part of managing with financial statements is understanding how to drive the business and engage the staff using balanced scorecards.