Balanced Scorecard in Budget Formulation
Does anyone have experience or knowledge of using the BSC in a budget formulation process? Has anyone used the BSC as a tool to support, defend or increase/decrease budgets?...
First Create Strategic Alignment + Line-of-sight
You must first assess the level of alignment in your organization. Based on this you proceed with tracking performance on the SBU level and then cascade to the individual level or performance contract...
Balanced Scorecard for Financial Institutions
Does anyone have more information, experiences or lessons learned with using a Balanced Scorecard for financial institutions?
Thanks for your tips, anything is welcome... :-)...
How to Determine the Efficiency of Balanced Scorecard
This gave a clear cut idea about what the Balanced Scorecard really means. But how can we evaluate or judge the efficiency of the Balanced Scorecard, management concept? How can we evaluate the effici...
Individual Balanced Scorecard Measurement
My organization has conducted a BSC project and now faces the problem how to proceed. There are jobs that can not be distributed to individual performers. In such cases where cascading is a problem, h...
Balanced Scorecard in Public Sector
The Balanced Scorecard has been proven a success in corporate companies because the unit of measure is based on financial success. However, is it more difficult to identify the unit of measure in the...
Balanced Scorecard for Universities
I am intending to develop a balanced scorecard for a university set up, however I have no idea where to start from. Looking for like minds to discuss the same with me....
Developing a Balanced Scorecard for Projects
When managing projects, can a BSC add value to that? Is it possible to get more transparency in the process of projects when using a BSC? Some new research has proved that projects can be managed/cont...
Balanced Scorecard in a Charity Organisation
I have just completed a project implementing the Balanced Scorecard in a not for profit organisation. It has successfully assisted in reducing the expectation gap between the serviced users and the se...
Linking Balanced Scorecard and Six Sigma
Within an enterprise, can I link and combine the methodologies of Balanced Scorecard and Six Sigma?
Do they offer completely different points of view, or can they be used in a complementary way?...
A New Flow Oriented Scorecard: Bellwox Bureau (Value Turbine)
If you are interested in other scorecards, please look at my Bellwox Bureau. It is a dynamically flow oriented system, made out of 12 drawers in 4 rows levels.
The drawers are put up with fluid flo...
The BSC is Now Being Stretched Beyond its Optimality
I think the concept behind the Balanced scorecard is an innovative one, and if the BSC is used within the recommended structure which the developers have established, the model will perform well. But ...
Balanced Scorecard for Reorganisation
Hi, I am currently doing a project on reorganisation and wondered if anyone had used a BSC for the proposition before? Thanks......
Spiritual Element in Balanced Scorecard
The spiritual element is missing in the balanced scorecard approach. Do you know the reason and how can we cover this gap practically?...
3 Types of Performance Measures
David Parmenter in his extensive research in this area has concluded that there are three types of performance measures:
- Key Result Indicators (KRIs) that tell the board how managers have performed...
Balanced Scorecard for Start Up Companies?
Is the BSC tool valuable to use when setting up a start up company? Or is this system to rigid compared to the flexibility that is required for a start up?...
Make Balanced Scorecard a Regulatory Requirement
I have the view, that the Balanced Scorecard should be enforced as a regulatory requirement for organizations.
It should be part of corporate governance requirement to regulate the strategies employe...
Balanced Scorecard for Software Development
Has anyone experience of using the Balanced Scorecard to manage software development projects or managing a customer support department?...
Balanced Scorecard Design Tips
I designed the BSC for a few organisation and they were surprised by the statistics. One firm was appreciated and even awarded also, for that technique. It totally depends how well it is designed....
Weaknesses or Disadvantages of the Balanced Scorecard
Rodov and Leliaert mention 3 weaknesses of the Balanced Scorecard:
1. The system (once designed) is quite rigid and static
2. The system is extremely company specific.
3. The system does not provid...
Balanced Scorecard Trends and Developments
The BSC concept has proved to be fluid and developing with time. Hence the more reason one needs to constantly keep pace with recent developments.
This framework has aligned itself very well with oth...
What the Balanced Scorecard DOES Address and What NOT
According to my experience, the balanced scorecard effectively deals with the 'hard side' of the organization, for example the financial performance (such as the turn over), the level of training, the...
Avoid Pitfalls in Implementing the Balanced Scorecard Here's a list of Best Practices for successful Balanced Scorecard implementation. Kaplan and Norton already mentioned th...
Template to adapt to your own specific demands and circumstances Here is a generic step-by-step procedure towards implementing the Balanced Scorecard (adapt to your own specific demands...
Balanced Scorecard Implementation, Balanced Scorecard Pitfalls, Implementing Balanced Scorecard The Balanced Scorecard is a strategic performance management tool that has enormous potential when applied properly. Acc...
Linking Strategy to Implementation One of the world's most popular business tools for translating strategy into operational activities is the Balanced Scor...
Management by Objectives, SMART, Business Performance Management, Balanced Scorecard, KPIs, CSFs In most organizations it is very common to specify organizational targets with the aim of increasing performance. This s...
Sustainability Balanced Scorecard, SBSC, Triple Bottom Line Due to the fact that corporate sustainability issues have become more and more important, organizations are now forced t...
Balanced Scorecard & Strategy Why is it important for a Balanced Scorecard to communicate the strategy?
1. It describes the corporate vision to the ...
Improving Data Reliablility, IT, Business Intelligence The problem of data credibility
Data credibility problems have been existed for many years. Due to this credibility pro...
Understanding KPIs, Introduction Introduction by expert Joe Panebianco gives a first understanding of what Key Performance Indicators (KPI's) are and the...
Developing a Broader Perspective Towards the Beginning of the BSC In the 1980's Kaplan recognized that financial measurements by themselves were insufficient to guide companies to succes...
Balanced Scorecard, Performance Management, This presentation elaborates on the Balanced Scorecards in a hospital and the ways it can lead to improvements regarding...
Basic Understanding of the Employee Balanced Score Card Brett Knowles provides an Executive Summary that overviews the key building blocks in an Employee Scorecard. It is inten...