Strategic Objectives Balanced Scorecard Examples Of Companies Pdf
Balanced scorecard examples are typically used when planning strategies.
Strategic objectives balanced scorecard examples of companies pdf. Credit card company balanced scorecard example performance measures increase shareholder value strategy map simplified initiatives financial increase shareholder acquire a competitor strategic objectives. It s worth noting that even though the departments divisions and territories of. Hr balance scorecard the hr balanced scorecard includes four perspectives. Kaplan and norton found that companies are using the bsc to.
Use it to measure the value of an activity against your company s strategic plant. Since the basis for the hr balanced scorecard is achieving business goals the aligned hr strategic objectives are the drivers for the entire model. What follows provides guidance and advice on the development and implementation of a balanced scorecard for those organisations considering the introduction of a. As you can tell from this map this bank wants to be certain it can both support its clients and grow the business simultaneously.
The balanced scorecard is used by both small and large organizations. As you can tell from this map this bank wants to be certain it can both support its clients and grow the business simultaneously. 2 a practitioner s guide to the balanced scorecard kaplan and norton s balanced scorecard is a concept still widely used and respected in today s business environment. Uses of the balanced scorecard.
Of the 64 of organizations that have refreshed their balanced scorecard the majority 71 did so during the previous 12 months. Balanced scorecard examples naturally any for profit financial institution scorecard will list financial objective statements at the top of its strategy map. Using this ensures that the efforts of the company align with its vision and strategy. Clarify and update strategy communicate strategy throughout the company align unit and individual goals with strategy link strategic objectives to long term targets and annual budgets identify and align strategic initiatives.
Satisfy retain and acquire customers in targeted segments. 2008 balanced scorecard institute a strategy management group company. The balanced scorecard identifies the factors that create long term economic value in an organization for example. 61 of respondents had less than 500 employees and 9 had over 10 000 employees.
Strategic perspective measures success in achieving the five strategic thrusts.