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In the early 1990, Kaplan and Norton introduced a revolutionary performance management tool called the Balanced Scorecard. It is a comprehensive framework that translates a company's vision and strategy into a coherent set of performance measurement in four perspectives.
The four perspectives of the scorecard permit a balance between short and long-term objectives and to help an organization to focus its resources in order to become a successful organization in the future.
Many companies, such as Coca Cola, British Airways, Mobil and Citibank, have used the scorecard to create an entirely new performance management framework that puts strategy at the center of key management processes and systems. They see how it can be used to fill the void that exists in most management systems-the lack of a systematic process to implement and obtain feedback about strategy.
To find out more how Balanced Scorecard can help your organization to achieve a quantum leap in both Financial and Non-financial performance, please call us for a presentation at your venue and at your convenient time.
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