 | #80 Balanced Scorecards - The key to unlock the true potential of your organisationposted by Justin Barry, Group AdministratorMonday, September 20th 2010 @ 2:37 PM |
A Fortune article called "Why CEOs Fail" observed that CEOs fail because they are unable to effectively execute their strategy (however good or bad the strategy is). Such failure is common - another study found that only one in three UK businesses believe they are successfully achieving their strategic goals.
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Having a good strategy is important, but the key to strategic success is also being able to put the plan into action and ensure its effective delivery.
Performance Management methods help organisations to more effectively manage the delivery of strategic plans.
Balanced Scorecard
It is now over 15 years since the Balanced Scorecard framework first gained public acceptance. Since then tens of thousands of public and private sector organisations have adopted it as a performance management tool. Over this time major improvements have been made to the approach: modern 3rd Generation Balanced Scorecards are simpler and quicker to develop, and better to use. Recent advances have made it easier to use Balanced Scorecard to promote organisational alignment, and to link Balanced Scorecard to other management tools dealing with things such as Risk, Quality and Incentives.
Further information can be found in our file system**...click here
- 2G-BalanceBusinessScorecard-doc1 - The Evolution of the Balanced Scorecard
- 2G-BalanceBusinessScorecard-doc2 - Designing and using 3rd Generation Balanced Scorecards
**To view the 2 files, just click on the file listed in the file sharing application. Click on options dialog box and choose download.
