HRM PROJECT

The best tool to translate, align, and manage the strategy of your Business.

It is a framework that converts strategies into an integrated system defined across four business perspectives:

• Financial
• Customers
• Internal Processes
• Learning & Growth

What is the Balanced Scorecard:

• Balances financial and non-financial measures
• Balances short and long-term measures
• Balances performance drivers (leading indicators) with outcome measures (lagging indicators)
• Should contain just enough data to give a complete picture of organizational performance… and no more!
• Leads to strategic focus and organizational alignment.

Why do it?

• To achieve strategic objectives.
• To provide quality with fewer resources.
• To eliminate non-value added efforts.
• To align customer priorities and expectations with the customer.
• To track progress.
• To evaluate process changes.
• To continually improve.
• To increase accountability.

Benefits of Balanced Scorecard

• Gives more understanding of your customers and best defines what is value for them
• Focuses at strategic results and to strategies
• Associates companies vision, Strategies, Procedures,
• Develop a system of responsibility of personnel and ownership of jobs
• Defines critical measure performance and strategic initiatives
• Evaluate strategic results