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Implementing Balance Scorecard for performance management
Developing Strategy with the Balanced Scorecard
Tags :
balanced scorecard strategy, balanced scorecard example, performance scorecard, Scorecard, balanced scorecard, balance scorecard, BSC, KPI, key performance indicators
Industry :
Management & Strategy Consulting, Human Resources (HR) Consulting
Functional Area : Strategy Execution, Performance Management |
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About "Developing Strategy with the Balanced Scorecard" topic:
This topic focuses on the strategy execution - strategy formation and linking strategy making with execution in context of BSC.
2 insight
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, 1 idea contests
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on topic: "Developing Strategy with the Balanced Scorecard"
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Organizational alignment to build individual and collective accountability
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Data driven decision making
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Dipankar Kuanr
| Added idea
"A clear numeric method of defining strategies and accountability"
| 2 years ago
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The issues is everybody is talking about vision,mission,goals strategies but nobody was able to be precise on what to achieve.Quantifying them seemed to be the core of success in taking the organization ahead.So the challenge was to divide the...
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Anuj Jain
| Added idea
"Planning, mesaurement and development"
| 2 years ago
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Yes, I agree it may help to do that.... http://nillhill.blog.friendster.com/
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Ideate: "Balanced scorecard strategic planning" deleted from your view.
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The balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals. The balanced scorecard (BSC) has undergone significant change since its widespread popularization in the early 1990s. Although the first balanced scorecard was an integral part of its creators strategic planning process, its subsequent emulations focused on it as a simple instrument rather than as one element of a total planning system. The b...
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Bhuneshwar Ram Tripathi
| Commented
| 3 years ago
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It is a very good method of developing ascore card for any buisiness entity.All the four basic perspective of learning and growing,business process,customer and finance are the backbone of strategic planning and therfore the main focuss of...
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Insight: "HOW TO BUILD A BALANCED SCORECARD" deleted from your view.
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Faced with changes in the utility industry, as well as in the overall business environment, Nova Scotia Power, Inc. developed a new corporate strategy and moved to Strategic Business Units. Although initially Nova Scotia Power, Inc. used the Balanced Scorecard solely as a tool to gauge the company's effectiveness in fulfilling its new strategy, it now uses the BSC as a measurement system, strategic management system, and communication tool. Cascading the Scorecard throughout the organization has ensured goal alignment, despite the esoteric nature of the Strategic Business Units at Nova Scotia Power, Inc. The development of Scorecards from the boardroom to the back room has given all employe...
Insight: "CASCADING THE BALANCED SCORECARD : A CASE STUDY ON NOVA SCOTIA POWER, INC." deleted from your view.
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Scorecard
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Dashboard
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aparna
| Argues in support of
"Dashboard"
| 3 years ago
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software dashboards evolved as the information systems equivalent of the automotive dashboard that displayed real-time changes to tactical information often displayed as charts, graphs, and gauges. Software dashboards also offered the ability to...
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Shishir Mishra
| Argues in support of
"Scorecard"
| 3 years ago
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Software scorecards are also distinguished by the regimented top down organizational planning process defined by the theory that underlies the scorecard interface. This process aims to identify the few key performance metrics that best indicate an...
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Debate: "Scorecards Vs Dashboards" deleted from your view.
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Yes
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No
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Leena Khade
| Argues in support of
"Yes"
| 2 years ago
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Hi vega, I think it is an HR concept because it is mostly used by the Hr department in an organization. This is mainly used to improve customer satisfaction and performance measure. As you mentioned it is used to measure all the aspects in an...
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Debate: "BalanceScorecard" deleted from your view.
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Balancescore card is mangement tool to measure the various segments of companies.
Answer: "how much balance scorecard as management tool is effective?how the companies are using it?any info ." deleted from your view.
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