Balance Business Score Card in KPI, Electrical Engineering

Balance Business Score Card in KPI

Information Age

The current era is driven by the information. It is a revolutionary transformation and industries are competing in this revolutionary era with the help of information, so the competition is now an information age competition. This era is more revolutionary for service industries and particularly for industries like electrical utilities because of regulatory regime and pressure from all the stakeholders. So in this era, service industries including electrical utilities require new capabilities, continuous improvement and innovation, efficient management of assets etc.

The major requirement can be broadly classified as follows:

  1. Customer relationship development;
  2. Efficient and effective service;
  3. Meeting the customer expectations - introduce innovation through new and better products/services;
  4. Provide services at a low cost with shortest possible turn around time; and
  5. Systems and processes development, IT deployment.

It becomes imperative for organizations to compete and to meet the expectations of Customers, Shareholders and Employees. The organizations are adopting different management tools e.g. Benchmarking, Balanced Score Card, TQM, etc. and at the same point of time turning themselves to a variety of improvement initiatives viz. reengineering, activity based cost management, customer focused environment, employee empowerment etc. Moreover now- a-days things are changing so fast that one can say - "ONLY CONSTANT IS CHANGE" and organizations not only need to focus and manage the customer, financials, internal business processes and learning & growth aspects effectively and efficiently but also they require to realign their vision and strategy as indicated by the environment and business needs. We will discuss in subsequent section the importance of traditional model and need to have balanced score card to understand the transformation and the advantages of balanced scorecard over the traditional model to meet the growing demand created by the information age.

Posted Date: 2/6/2013 1:40:56 AM | Location : United States







Related Discussions:- Balance Business Score Card in KPI, Assignment Help, Ask Question on Balance Business Score Card in KPI, Get Answer, Expert's Help, Balance Business Score Card in KPI Discussions

Write discussion on Balance Business Score Card in KPI
Your posts are moderated
Related Questions
hi I want the code of digital modulation in matlab with inputs binary bit stream and M-ar

What is an USART? USART stands for universal synchronous/Asynchronous Receiver/ Transmitter. It is a programmable communication interface that can communicate by using either s

In a CDMA system, the signal is spread over a large bandwidth by multiplying the transmitted symbol by a sequence of short pulses, also called chips. The

ABOUT ASSIGNMENT ON MAGNETIC INDUCTION NEAR A LONG WIRE

Discuss description of insulating materials on the basis of physical and chemical structure Insulating materials, on the basis of their physical and chemical structure may be d

Control Strategies Equation shows  that output  voltage V0 can be controlled through α and this duty cycle  α can be varied by various  strategies which are as follows.

Q. Show Process of Speed Control of DC Motors? Equation showed that the speed of a dc motor can be varied by control of the field flux, the armature resistance, and the armatur

Addressing Model As we have learned  already  that each instruction has two  parts  one is  op code and another  is operand. Op code  specified  the type  of operations to be

Q. Explain Integral-error or reset control? A control system is said to possess integral-error control when the generation of the output in some way depends upon the integral o

I needed a PLC and SCADA assignment just the program and it has to be done in simatic flexible and step 7 software!