Tropical MBA: Entrepreneurship & Founder Lifestyle

TMBA 688: Mailbag: What Can Scorecards Do For You? And Equity Split Dilemmas

Feb 9, 2023
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ADVICE

Scorecards for Everyone

  • Use scorecards for both full-time employees and contractors.
  • Everyone benefits from clear expectations and performance measurement.
ADVICE

Countervailing Metrics

  • Include countervailing metrics in scorecards to prevent compromising company values for numbers.
  • This ensures ethical goal achievement.
ADVICE

Mission over KPIs

  • Focus on the mission of the role, which can be more inspiring than just KPIs.
  • KPIs can change, but the mission provides a broader context.
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