PPT-The BALANCED SCORECARD

The BALANCED SCORECARD What Is a Balanced Scorecard A Measurement System A Management System A Management Philosophy Translating Vision and Strategy Four Perspectives Vision and Strategy. By,. A4. Contents. Overview of Balanced Scorecard. Advantages of Balance Scorecard. Disadvantages of Balance . Comparison. Vision. Usage of the Scorecard . Overview . 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. . A Balanced Scorecard Application. OUTLINE. The OTSC Story. Executive Summary. Building the Balanced Scorecard. Perspective Definitions . Strategy Mapping . Objective Definitions . Measure Details. Conclusions . Balanced . Scorecard. Based on Chapter 13, . Cost Accounting, 12th ed.. Horngren et al., Edited and . Modified by C. Bailey. 1. Introduction. This topic… . explores the use of management accounting information for implementing and evaluating an organization’s strategy.. Balanced . Scorecard. Based on Chapter 13, . Cost Accounting, 12th ed.. Horngren et al., Edited and . Modified by C. Bailey. 1. The Balanced Scorecard. The . balanced scorecard . translates an organization’s mission and strategy into a comprehensive set of performance measures.. Explain What is the Balanced Scorecard. Describe the Three Generations of Balanced Scorecards. Explain the Importance of Balanced Scorecard. Describe the Various Perspectives of Balanced Scorecard. Describe the Various Parameters of Balanced Scorecard. Using the Balanced Scorecard Approach. Objective. In this resource-constrained environment, performance management . systems . that focus resources on an organization’s strategic objectives, provide a key approach for leveraging future success. The NIH Library applied the balanced scorecard approach to performance management and is in its second year of implementation. This approach has accompanying software to create high-level strategy maps, as well as the scorecard depicting metrics that identify progress. . November 3, 2011. Financial Measures. What are they?. Problems with them?. Knowledge workers. Strategy. CEO failures due to……….. Poor strategy?. Poor execution/implementation of strategy?. So, which one is it?. Strategic IS Planning. “We don’t do IT projects at JetBlue. We do Business Projects” – CIO Joseph Eng.. 2. Story One. The CEO of an insurance company wonders why a key competitor seems so much more innovative and responsive to customer needs. “How do they manage to initiate, customize, and support such a variety of insurance products so quickly?” she asks. “We could not cope with the complex information processing that must be required! What are they doing differently with their people and technology? Our systems personnel are always bogged down with last year’s priorities…”. TEAM A2. Bo Kongthaisereekul. Janet Ho. Veronica Mwikwabhi. Edelen . Melo-. Ortega. Cresna Ponthy. James Byrne. 2 b. Winning strategies part 1. WaveRider’s . BSC Deployment. Fundamental Theory of BSC. Scorecard. Based on Chapter 13, . Cost Accounting, 12th ed.. Horngren et al., Edited and . Modified by C. Bailey. 1. The Balanced Scorecard. The . balanced scorecard . translates an organization’s mission and strategy into a comprehensive set of performance measures.. Presentational Templates. The Balanced Scorecard. The . Balanced . S. corecard . is a strategic planning and management method used . to: . align . business activities to . a . vision and strategy of . Scorecard. Based on Chapter 13, . Cost Accounting, 12th ed.. Horngren et al., Edited and . Modified by C. Bailey. 1. Introduction. This topic… . explores the use of management accounting information for implementing and evaluating an organization’s strategy.. Describe the Three Generations of Balanced Scorecards. Explain the Importance of Balanced Scorecard. Describe the Various Perspectives of Balanced Scorecard. Describe the Various Parameters of Balanced Scorecard. Scorecard. Based on Chapter 13, . Cost Accounting, 12th ed.. Horngren et al., Edited and . Modified by C. Bailey. 1. Introduction. This topic… . explores the use of management accounting information for implementing and evaluating an...