Balanced scorecard, HR Management

 

Balanced Scorecard

4 perspectives of the Balanced Scorecard

The Balanced Scorecard technique of Kaplan and Norton is a planned approach, and performance management system, that facilitates organizations to transform a company's vision and strategy into execution, working from 4 perspectives: 

1. Financial perspective.

2. Business process perspective.

3. Learning and growth perspective.

4. Customer perspective.

844_balance scorecard.png

Advantages of the Balanced Scorecard

Kaplan and Norton state the subsequent benefits of the usage of the Balanced Scorecard: 

Maintain the focus of the whole organization on the few important things that are required to create breakthrough performance.

It helps to combine several corporate programs. Like: re-engineering, quality, and customer service initiatives.

Breaking down strategic actions towards lower levels, so that operators, unit managers, and employees can see what's necessary at their level to attain excellent overall performance. 

Posted Date: 7/23/2012 8:51:05 AM | Location : United States







Related Discussions:- Balanced scorecard, Assignment Help, Ask Question on Balanced scorecard, Get Answer, Expert's Help, Balanced scorecard Discussions

Write discussion on Balanced scorecard
Your posts are moderated
Related Questions
Disadvantages of syndicate method: 1 one disadvantages could be that it is suitable only for top level executives and not for youngsters at junior level. This method is not sui

As a HR person, what is your role in assisting your line manager in implementing your HR policies to the satisfaction of your company

REASONS FOR GRAND STRATEGIES AND THIER DIMENSION.

Question 1: (a)Explain the meaning of the term human resource planning. What are its aims? (b) What are the techniques of human resource planning? Question 2: (a) Ex

Much research has been done on team size. It has been found that large teams can be detrimental to team processes. Large teams allow for social loafing, an issue which will be furt

Every country has employment laws that are unique. There are some core concepts that will help you put the U.S. laws into context. It is also helpful to provide examples of some re

Mail.com Co. Ltd is a company engaged in the BPO activities in Mauritius since 2003. The company is planning to open a new call centre in the north of the country and will need 50

Explain human resource planning? Meaning and definition: human resource planning or man power planning is essentially the process of getting the right number of qualified peopl

HR management depends on sound reward sustem explain