Bringing the Balanced Scorecard to Life: The Microsoft Balanced Scorecard Framework White Paper By: Charles Bloomfield Insightformation, Inc. Published: May 2002 For the latest information, please see http://www.microsoft.com/business/bi/ Abstract This paper describes the Microsoft® approach to developing and implementing a Balanced Scorecard for enterprise performance management. It presents basic information on the Balanced Scorecard performance management
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The balanced scorecard (BSC) approach to quality management is an approach in which the organization views their quality program from many different points of view. “Operative goals are reflected in what management attends to, controls, and measures. The idea that the structure of most accounting and control systems may be inhibiting competitiveness is slowly gaining currency in the U.S. business community.” (Kaplan 1988) The metrics that are usually measured are: • Financial: Improving the profitability
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Balanced Scorecard: Measuring performance of an organization involves studying its processes and outcomes to see if it is getting the results it intend to achieve. The best way to determine operational effectiveness is by measuring business performance. There are many methods of measuring performance but the goal is the same — to find out what is working well and what needs to change. Performance measurement can keep a firm on track towards its vision and help achieve its objectives. Balance Scorecard
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Bringing the Balanced Scorecard to Life: The Microsoft Balanced Scorecard Framework White Paper By: Charles Bloomfield Insightformation, Inc. Published: May 2002 For the latest information, please see http://www.microsoft.com/business/bi/ Abstract This paper describes the Microsoft® approach to developing and implementing a Balanced Scorecard for enterprise performance management. It presents basic information on the Balanced Scorecard performance management
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Balanced Scorecard 101 A Brief Overview of the BSC Methodology Steve Logan Department of Energy 202 287-1383 Steve.Logan@hq.doe.gov Presentation to the BSIG October 2004 2 “One accurate measurement is worth more than a thousand expert opinions.” - Admiral Grace Hopper, USN 3 What is a Balanced Scorecard? Definition of BSC as a strategic management system Steps in a strategic management system: 1. Clarify and translate vision and strategy 2. Communicate and link strategic
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Applying the Balanced Scorecard to Education DEMETRIUS KARATHANOS PATRICIA KARATHANOS Southeast Missouri State University Cape Girardeau, Missouri T he concept of the balanced scorecard (BSC) was first introduced by Robert S. Kaplan and David P. Norton (1992) in their now widely cited Harvard Business Review article, “The Balanced Scorecard—Measures that Drive Performance.” The widespread adoption and use of the BSC is well documented. For example, Kaplan and Norton (2001) reported that by
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measurement (balance score card, financial measures, non-financial measures, divisional versus corporate) ABSTRACT This study aims at understanding the process of elaborating and selecting performance measures in the framework of the balanced scorecard (BSC). Previous studies in the now well-investigated effect that decision makers tend to give a much higher weight to common measures compared to unique measures (Banker et al, 2004; Lipe and Salterio, 2000) did not explore differences between
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periode 2 De geschiktheid van de Balanced Scorecard als een prestatiemeetsysteem binnen een organisatie Rutger Drissen 10608966 1. Inleiding Het besturen van organisaties is een van de belangrijkste onderdelen binnen een organisatie. Prestatiemeting kan hierbij een handig hulpmiddel zijn (Van Veen-Dirks, 2010, p 32). De Balanced Scorecard (BSC) is al in 1992 geïntroduceerd als een middel voor prestatiemeting (Wiersma, 2001, p 2). De hype rondom de BSC is een stuk minder geworden (Bessems
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The Balanced Scorecard is a management system that plots a business’ strategic intentions into four perspectives that is comprised of internal processes, financial, customers, and learning and growth. (NetMBA, n.d.). These four perspectives are essential to provide feedback as to how well the plan is being executed. Moreover, the balance scorecard is a system that not only focuses on measures used to identify problems, but more so a system that integrates a business’ strategy with an intentionally
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BALANCED SCORECARD APPLICATION IN LENDING/MICROFINANCING INSTITUTIONS: A STRATEGIC MAP IMPLEMENTATION IN THE PHILIPPINES CONTEXT This paper studies the application of Balanced Scorecard (BSC) as a powerful measurement and assessment system, in lending/micro financing institutions. Adopting the balanced scorecard (BSC) model, this exploratory study investigates the critical performance measures that lending/micro-financing institutions in the Philippines need to emphasize in their performance
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