Aspects Of The Balanced Scorecard Case Studies

November 16, 2014

In our time, it is hard to find a large enterprise that has no strategy. But even in the presence of strategy, the success of the business is not always guaranteed. In our time, it is hard to find a large enterprise that has no strategy.But even in the presence of strategy, the success of the business is not always guaranteed. It is important to link strategic and operative management together. In other words, achieving must be coordinated by strategic objectives with objectives themselves.

Often, the Manager of a company have a very faint idea of strategy, values and missions of the company, or anything they do not understand about strategic objectives. In such circumstances, it is difficult to demand a high level of productivity and proper accents in the work by the simple staff. The balanced scorecard is just that tool which is able to coordinate the efforts of operational and strategic management. If every employee of a company make its contribution to the Erreichungvon strategic goals will be almost guaranteed the success of the company. The BSC visualized a strategy. To understand the strategy, it is not so easy, especially in our time.

If but the strategy in the form of simple schema is presented and KPIs are used for progress measurement of Zielerreichungrichtige, can be seen, where you have to work to, what aspects of work not particularly affect the attainment of planned financial success. The balanced scorecard was developed in 1990 and presented. In this period, it was definitely understandable, to gain a competitive advantage, it is insufficient simply to deliver the goods of equivalent quality to a great extent. Each company is a part in the world of business, therefore business touches many factors that affect its success. The balanced scorecard consists of 4 perspectives, which, in turn, have a set of key performance indicators. The KPIs are not only digits. They show how the strategy will be implemented. It is very important to choose the right KPIs. Otherwise, it is Unnecessary and trivial digits have top management, who have nothing on the hat with the strategy of the company. The four perspective of the BSC are financial perspective, customer perspective, internal or process perspective and staff, potential or learning and growth perspective. The above-mentioned perspective of KPI include everything, in all directions, what happens to the company. First and foremost, financial goals and their achievement of KPIs are very important for the top management and the owners of the company. Just financial help with drawing up the relationship strategy customers and the behavioral models on the market. For achievement of objectives in the financial and customer categories, it is necessary to optimize business processes within the company and to develop staff, and to teach. In this way, all perspective and KPIs are connected in that or other mass and the BSC on the best shows this relationship. It is enough only to strategic map see to understand what is necessary for attainment of financial objectives. Still more you need any do not have special knowledge in strategic management to understand the connection between the perspectives of BSC. This is already one of the advantages of the balanced scorecard because it is accessible for easy company employees, which the results are achieved with effort. The creation of the balanced scorecard is not easy work. Don’t wait for quick results. There are no miracles. If you but follow all recommendations of the balanced scorecard, you can count on positive result. You can learn more information about balanced scorecard case studies on our website.

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