|
|
You are here
: Services » Kristo
Consulting »
Neural Mind » Kristrat
Balance ScoreCard
KRISTRAT Balance Scorecard - Next Generation Model
"A recent review of our Balanced Scorecard Hall of
Fame Organizations demonstrates that virtually every successful
CEO had a partner - a change agent who played the lead
role in introducing the Balanced Scorecard Program."
- David P Norton, Palladium Group
Strategy Assessment and Benchmarking
Training workshops
& Strategy Formulation
Strategy Implementation
Using Balanced Scorecard
Strategy Review
meeting
IT Strategy -
BSC Automation
Strategy Assessment and Benchmarking
A Strategic Assessment is a balanced appraisal of a
company's opportunities, resources and strategic choices.
Some of the steps are interviewing customers, reviewing
documents, listening to an audio tape, interviewing
managers, supervisors, sampling of employees and key
vendors to get to know a client.
It also involves benchmarking against the best practices
from across the world. The idea is to compare against
the best in the world practices for initiating world-class
strategy execution.
Outcomes:
Assessment reports with recommendations
SWOT and inputs for strategy Maps
Roadmap for whole implementation process to the client
Training workshops & Strategy
Formulation
To stay competitive, an organization's strategy must
be formulated, challenged, tested, and constantly updated.
The training will help to map strategy, develop scorecard
with strategic objectives, performance measures with
targets and supporting initiatives, align individual
goals with the organization objectives, deploy the SFO
processes, and prepare of the 'First Report'
The principles that drive this methodology are the identification
of the key strategic issues facing the organisation in
relation to the short and long-term aspirations, cause-effect
relationships among the objectives and articulating them
in the four perspectives i.e. Financial and Market, Customer,
Internal Processes and Learning & Growth. The resultant
strategy map(s) is then transposed into a tightly focused
performance management / balanced scorecard framework.
Top
†
Strategy Implementation Using
Balanced Scorecard
Strategy is not just a Top Management activity. Strategy
is something that every employee should be involved
with every day.
Balanced Scorecard provides a whole new way of thinking
and operating. It makes performance measurement and
management as simple as it can possibly be. BSC is therefore,
the most likely to succeed methodology of implementing
your corporate strategy.
The following is a typical set of steps to design the
Strategy Map and Balanced Scorecard:
Analysis and Synthesis:
Workshop - Strategy Mapping
Measures and Initiatives Development
Workshop - Measures, Targets and Initiatives
Official Internal Launch of the Balanced Scorecard
Development of the First Report™
Workshop - Conduct First Report Meeting
Plan for Communicating Strategy
Outcomes:
Build a common framework and alignment of whole organisation
A common language for measurement is established
Efficient Balanced Scorecard process is implemented.
|
 |
Top
†
Strategy Review Meeting
Kristora offers SRM by lending support and structure
to the meetings in order to ensure that the BSC-SFO
processes become a way of life. It consists of the following
main components:
Facilitation of BSC reporting
Critical inputs to help prioritise the strategic issues
Formal and informal feedback on reports and meetings,
including recommendations for systematising the implementation
of the strategic initiatives
Facilitation for the deployment of the five SFO principles
and related process
Post-review feedback session with the top management
IT Strategy - Balanced Scorecard
Automation
Using best of breed software, we provide solutions that
allow organizations to monitor performance from a multitude
of business perspectives. There are a number of key
features and benefits:
Our solutions deliver a consolidated view of performance
across the enterprise. By utilizing color-coded scorecards,
we provide senior executives, managers and employees
with the ability to access a highly visual, real-time
view of performance, identified against clear business
strategies, objectives and targets.
Through the scorecard portal, we enable advanced performance
monitoring and analysis. Users are provided with the
ability to investigate the underlying detail of each
performance measure. By accessing associated reports
and graphs, users can identify trends and other information
to better assess the impact of cause and effect and
as a result, plan and implement corrective actions.
The balanced scorecard model can be fully integrated
with IT process management solution, to allow organizations
to link targets, performance measures and strategy to
their strategic business processes. This is a true collaborative
management tool, bringing together the strategic objectives,
performance targets and operational processes to the
desktop of potentially every employee.
Top
†
|
|
|
