It is one of the most efficient tools for monitoring progress within a company. Scoreboards allow employees to keep track of their achievements and compare them with those of the whole team, which not only promotes healthy competition but also raises results within the organisation.
Transparency is the driving force here – when each individual can see where they rank and the progress they have made, it is easier to aim for better results in their daily duties. This tool motivates constant improvement, being inspired by the results of colleagues and setting more ambitious goals without the constant involvement of a manager.