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Started by : amit chaudhry, Senior Consultant, IML   11 14 2008 16:50:10 +0000
Industry : Management & Strategy ConsultingFunctional Area : Performance Management(People Management)
Activity:  27 views;  last activity : 07 06 2010 20:18:09 +0000

What are the steps in developing and deploing balanced scorecard?

 
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1 2 3
1 Performance measurement and targets
2 Organizational Assessment
3 Strategy Development

Performance measurement and targets

idea posted by Jitena Kumar Rawat Senior Consultant, GKC
Once strategy is developed we should look at metrics used in measuring and targets that needs to be achieved.
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I feel that each team as well as individual should have it own KPI's ( key performance indicator) to fulfill the goal of Project or assignment.And should be review periodically to implement any changes as well as to come up with more improvements

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Organizational Assessment

idea posted by amit chaudhry Senior Consultant, IML
Assessing th organizational strengths and weakness and competitors, market conditions and things are very important while developing a balanced score card.
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Strategy Development

idea posted by Dayanand Deshpande Senior Consultant, Ernst & Young
i feel once the assessment of the organization is done we should focus on strategy development and making it into sub components or objectives.
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Yeah developing a strategy in alignment with the assessment made is a very great challenge and should be done with proper care since this is the step which will have a high impact on the later stages of steps in balanced scorecard implementation.

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