Balanced Scorecard An integrated control system developed by Kaplan and Norton to map and control the implementation of business strategy through it's component strategic and operational metrics. This ensures organisational focus, in what is largely real-time, and hence the successful implementation of the strategy. The Scorecard provides an easy to understand and easy to communicate system o
Both strategic and operational planning are a must for any business looking to find its place in the world. There are many variations in the approach that needs to be undertaken to produce a unifying direction for a business to undertake. Once done, the trick now is to ensure that implementation of the plan actually occurs. In evaluating your future profile you will have created a priority lis
Accountants and Consultants alike are conditioned to submit performance numbers using historical accounting format. Granted the average professional can decipher these numbers with ease but the presentation of these numbers to the untrained is akin to most of us looking at the fine print in legal documentation. Yet these professionals continue to present information in a form most of us fail to un
The Balanced Scorecard is a dynamic tool. A tool as flexible as your management requires and designed to be simple enough to be tweaked as the dynamics in your business and the business environment change. To create a set of strategic and operational objectives that remain static over time is a recipe for consistent, non-competitive performance. Things change. Things change all the time. Your