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Use a Balanced Score Card For Your Organization

Balanced Scorecard is a effective technique to monitor and set strategic goals for Organisation. It has endured twenty years of existence and is an effective tool used in Enterprise Architecture […]

Post author By admin
Post date July 30, 2013
1 Comment on Use a Balanced Score Card For Your Organization

Need one for your organisation when you need to revisit goals and set new ones. Track them to closure and make strategy everyone’s business instead of being handed over from the top. Watch this video on how to arrive at a basic BSC for your Organisation.

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One reply on “Use a Balanced Score Card For Your Organization”

More than half of major companies in the US, Europe, and Asia are using the BSC, with use growing in those areas as well as in the Middle East and Africa. A recent global study by Bain Co listed balanced scorecard fifth on its top ten most widely used management tools around the world, a list that includes closely-related strategic planning at number one.

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All organisations have an innate intelligence which enabled them to become an organisation in the first place. Most often organisations who reach some height do not get their steps right in terms of moving in the turns often failing to tap their intelligence. Intelligence in organisations and enterprises is hidden and disconnected and at times do not augment the need of the hour. The fallout would be enterprises fail to step up to the current challenges which once enabled them to stay ahead of the curve no longer seem to work. We often see what works to maintain a company of 10 is not enough when the numbers go up. We have all sorts of challenges right from knowledge management, isolated knowledge pockets, non modular legacy, all pieces glued together,scaling up the build , hit the right numbers on performance , get the architecture right , do we have people with the right skills and knowledge and many more.

All of these need to tap the organisational intelligence at various points and dovetail them to align with the business and eventually technology needs to enable this to provide value to the business, stakeholders and customers.