What can the Balanced Scorecard Enable an Organisation to do?

Thursday, March 24, 2011 at 8:25AM
Editor in Balanced Scorecard, Key Indicators, Strategy Map

· Define strategic objectives and map these using a strategy map

· Develop clarity around the organizational strategic objectives

· Define a set of Key Performance Indicators (KPIs) for each objective

· Align the organisational change agenda to deliver the objectives via initiatives and actions

· Encourage the right performance culture using the RACI model to define ownership and governance

· Enable Theme-based management

· Automate performance dashboards and reporting, while enabling advanced analytics

· Encourage a collaborative approach to delivering performance via commentary, alerts and other web 2.0 collaboration capabilities 

Article originally appeared on StratexSystems (http://www.stratexsystems.com/).