Balancing Services in Hyderabad

Brief Note on Balanced Scorecard Concept “Balanced Scorecard” is a powerful tool for effectively “Balancing Your Strategy”, systematic implementation through “Strategic Initiatives”, deploying it across all business functions and departments. It is essential to align your processes and people and performance management system, PMS, in achieving your mission and vision. We would like to mention here that the “Balanced Scorecard” is a powerful tool for translating your strategy into operational & measurement language and monitor organization performance. This concept was first published by Dr. Kaplan and David Norton during 1991-92 in Harvard Business Review as measurement tool, but it became very popular tool for Strategy Deployment and Performance Management. “The Balanced Score Card is one of the most important management practices of the past 75 years”                                                        Harvard Business Review Key Benefits of this tool: ·Validating the Strategy with Cause & Effect linkages through Strategy Map ·Translating Strategy into Operational and Measurement Language through Balanced Scorecard to know that ·Strategy is being deployed ·Strategy is Giving Expected Results ·Results achieved etc. ·Identifying the Strategic Initiatives to achieve the Strategic Goals ·Aligning all Divisions/ Departments to Strategy by preparing “Divisional/ Departmental BSCs” ·Identifying the Processes and their effectiveness measures ·Designing PMS and ·Reviewing the performance etc.

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