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Baldrige Vs Balanced scorecard

Created by : Amit Madhav, Senior Consultant, GKC  | 11 14 2008 09:21:36 +0000
Industry : Management & Strategy ConsultingFunctional Area : Performance Management(People Management)
Keywords : Balanced Scorecard BALDRIGE BALDRIDGE
Activity:  267 views;  last activity : 07 06 2010 20:18:09 +0000
Baldrige Vs Balanced scorecard
  
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Baldrige Vs Balanced scorecard
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The argument is comparing oranges and apples. Baldrige and other systems provide a framework for performance and compliance reporting against the criteria defined in their framework. The Balanced Scorecard allows you to determine the number and type of dimensions. It can be used from Strategy planning, strategy dissemination - along the organsiation, performance measurement and project management. In advanced implementation, you could utilise the Balanced scorecard as a forecasting tool to determine future outcome against your KPIs.
By Ajay Wadhwa, CTO/CIO, PCCPL  04 05 2009 13:12:53 +0000
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The Baldrige Award, the European EFQM, and APIC (Army Performance Improvement Criteria) are examples of organizational assessment tools. Usually, these assessment frameworks are used as “snapshots” of the current organizational situation at a particular point in time. The assessment uses a point scale to compare the actual situation against a 1000 points (perfect score) scale. Annual awards are given to a few organizations each year that demonstrate exemplary performance against the 1000 point scale.
By Amit Madhav, Senior Consultant, GKC  | 11 14 2008 09:21:36 +0000
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The balanced scorecard uses assessment data to determine what improvements and breakthroughs in performance are most needed, so that strategies can be crafted to meet these needs. The BSC includes much more than assessment, and is a dynamic strategic planning and management system.
By amit chaudhry, Senior Consultant, IML  | 11 14 2008 09:22:36 +0000
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