Scribd
Upload
178 views12 pages

Ebook Balanced Scorecard

This document discusses managing corporate performance using a balanced scorecard approach. It covers the key components of a balanced scorecard including the four perspectives of financial, customer, internal processes, and learning and growth. It also outlines a strategy map framework that describes the strategic targets that should be included in each perspective of the balanced scorecard.

Uploaded by

Reza Septian
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
178 views12 pages

Ebook Balanced Scorecard

This document discusses managing corporate performance using a balanced scorecard approach. It covers the key components of a balanced scorecard including the four perspectives of financial, customer, internal processes, and learning and growth. It also outlines a strategy map framework that describes the strategic targets that should be included in each perspective of the balanced scorecard.

Uploaded by

Reza Septian
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 12

Managing

Corporate Performance
with Balanced Scorecard
1
Contents :

1. Corporate Performance Scorecard

2. Strategy Map Framework

3. Four Perspectives in Balanced Scorecard

4. Identifying Key Performance Indicators

5. Strategy Map in Corporate Functions (HR, IT,


Finance and Marketing)

2
Corporate
Performance Management

3
Performance Management Framework

Vision Strategy Map


Mission
Strategy

Key
Performance
Indicators
Company
strategy
Identifying
Defining
Measuring
Monitoring
Reporting 4
Performance Management Component
Three critical components for effective process of
performance management
Performance management
cycle is continuous and
Performance consistent
Management
Process

Performance Performance
Management Management
Infrastructure Culture

Logistic support and Culture that is based


performance management on performance
administration accountability
5
Performance Management Cycle

STRATEGY

Set Measures and Target

Reward and Coach Plan and Execute

Monitor and Evaluate

6
Managing Performance with
Balanced Scorecard

Balanced Scorecard is a management tool that


provides stakeholders with a comprehensive
measure of how the organization is progressing
towards the achievement of its strategic goals.

7
Managing Performance with
Balanced Scorecard

• Balances financial and non-financial measures


• Balances short and long-term measures
• Balances performance drivers (leading
indicators) with outcome measures (lagging
indicators)
• Leads to strategic focus and organizational
alignment.

8
4 Perspectives in Balanced Scorecard
Financial Perspective
The Strategy If we succeed, how will
we look to our
shareholders?

Customer Perspective
To achieve our vision,
how must we look to our
customers?

Internal Perspective
To satisfy our customers,
which processes must we
excel at?

Learning & Growth


Perspective

To achieve our vision, how


must our organization learn
and improve?
9
Strategy and Balanced Scorecard

Mission –
Why We
Exist Strategic
Strategy Outcomes
Map :
Translate the Satisfied
Vision – Strategy Shareholders
What We Strategy :
Our Game Delighted
Want to Be
Plan Customers
Excellent
Balanced Processes
Values – Scorecard :
What’s Measure and Motivated
Important Focus Workforce
to Us

10
Strategy Map Framework

• The strategy map framework is presented in the


following slides.

• This framework describes the types of strategic


target that should be presented in each perspective,
namely the financial perspective, customers, internal
business process, and learning & growth perspective.

11
Strategy Map Framework
Long-term Shareholder
Value

Cost Efficiency Revenue Growth


Financial

Price Quality Service Availability Brand

Customer

Operations Customer Regulatory


Innovation
and Social
Management Management Processes
Processes
Processes Processes

Internal Process

Learning & Growth

Human Capital Organization Capital Information Capital

12

You might also like