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View On The Development Of The Balanced Scorecard

17 November, 2014 (10:12) | News | By: eye

A major achievement of the first generation of the balanced scorecard was coloured (“red – yellow – green”) system of information on the achievement of the objectives. This simple system of reporting allows the managers to quickly assess the State of the company. In this article, learn how this system is set up. Technological design of BSC for the absorbs separately taken society some necessary elements: the map of strategic tasks, which logically associated with the strategic objectives are, immediately the map of BSC (the effectiveness of quantitatively measuring business processes, “the point of the objective” and the deadlines for achieving the required results), the dedicated projects (investment, training, etc.), which ensure the introduction of the necessary changes. the instrument panels of the head of various levels for the control and the assessment of the activity. Just to say the strategy map is a one page description of the strategy in the form of causal investigation relationships.

The strategy map transforms the strategy from the rarely used document that is hidden in the dusty folder, in the plan of action. The financial perspective for the organization is located in the upper part of the map of the strategy. As a result, she captured the strategies of the size and productivity. In the non-commercial organisations to replace this financial perspective with high level often with the perspective of the mission. In any case, this perspective presents in all organizations, as the company suggests the benefits to its founders (shareholders, the management or the customer), increasing i.e. the market value of the company. The first level of the construction of a map of the balanced scorecard consists in determining the strategic goal of the anticipated result in the financial indicators. Such approach provides the secure basis for further planning. The real interest of the owner of the business is expressed. The selection of the strategy determines the model of the construction of the Organization, the direction the investment solutions.