Management process of balanced score card, Electrical Engineering

Assignment Help:

Management Process of Balanced Score Card

The BSC (Balanced Score Card) proposes four a new management processes which separately and in combination, contributes to linking long-term strategic objectives along with short-term actions. The processes are:

(i) Translating the Vision

  1. Clarifying the vision
  2. Gaining consensus

(ii) Communicating and Linking

  1. Communicating and Educating
  2. Setting goals
  3. Linking rewards to performance measures

(iii) Business Planning

  1. Setting targets
  2. Aligning strategic initiatives
  3. Allocating resources
  4. Establishing milestones

(iv) Feedback and Learning

  1. Articulating the shared vision
  2. Supplying strategic feedback
  3. Facilitating strategy review and learning

The balanced scorecard could be used as the foundation of an integrated and interactive strategic management system. Kaplan and Norton (1992) have declared that various organizations are using the BSC to:

1.  Clarify and update strategy

2. Communicate strategy throughout the company

3. Align unit and individual targets with the strategy

4. Link strategic objectives to long-term targets and annual budgets

5. Identify and align strategic initiatives

6. Conduct periodic performance reviews to learn about and improve strategy.


Related Discussions:- Management process of balanced score card

Compute the real power inductive load, Q. A 60-Hz, 440-V, three-phase syste...

Q. A 60-Hz, 440-V, three-phase system feeds two balanced wye-connected loads in parallel. One load has a per-phase impedance of 8 + j3  and the other 4 - j1 . Compute the real po

Power control - motor control , Power Control A chopper converts  fix...

Power Control A chopper converts  fixed  de input voltage to a controllable dc output voltage. It is  the single  stage dc to dc conversion device. It is a high  speed  on/ of

Illustrate AC power systems, Q. Illustrate AC Power Systems? Electric p...

Q. Illustrate AC Power Systems? Electric power is indispensable for any modern society. Our use and demand for electric power grows annually at the rate of 2 to 3%; our need ne

Show advantages and disadvantages of a r-c couple amplifier, Q. What are th...

Q. What are the advantages and disadvantages of a R-C coupled amplifier. Advantages · It has excellent frequency response. The gain is constant over the audio frequency ra

State the principle of operation of a capacitor, a. Describe why a three-ph...

a. Describe why a three-phase induction motor rotates always with a speed less than the synchronous speed. b. State the principle of operation of a capacitor start single-phase

Explain the usage of the output ports , Objective: To Understand the Usage ...

Objective: To Understand the Usage of the Output ports of PIC18F452 and make changes in the previous code accordingly. Procedure: 1. Open the p1.asm program from t

Draw circuit diagrams and show polarity markings, Q. Two single-phase trans...

Q. Two single-phase transformers, each rated 2400: 120-V, are to be interconnected for (a) 4800:240- V operation, and (b) 2400:120-V operation. Draw circuit diagrams and show polar

Ldst, Design a logic circuit with 4 inputs A, B, C & D that will produce o...

Design a logic circuit with 4 inputs A, B, C & D that will produce output ‘1’ only whenever two adjacent input variables are 1’s. A & D are also to be treated as adjacent, impleme

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd