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Balanced Scorecard

"Less than 10% of strategies effectively formulated are effectively executed"
- Fortune


The Balanced Scorecard is a framework that translates an organisation's strategy into a set of objectives and measures and aligns the organisation to them through its planning and control processes. The foundation of the Balanced Scorecard approach is a framework to describe how value is created through an organisation strategy.

The Benefits:

  • Focusing the whole organisation on the few key things needed to create breakthrough performance.
  • Helps to act as an umbrella by integrating various organisational programmes such as quality re-engineering and customer service initiatives.
  • Breakdown strategic measures towards lower levels so that managers and employees can see what is required at their level to achieve excellent overall performance.
  • The methodology facilitates communication and understanding of business goals and strategies at all levels of the organisation.
  • Helps align key performance measures with strategy at all levels of the organisation.

How PQM Can Help?

Power Quality Management Limited (PQM) has provided consultancy support to its clients in the development and implementation of Balanced Scorecards. The support provided to date has included:

  • Strategy development with Senior Management Team.
  • Scorecard management assisting Senior Management Team:
    • Translate strategy into framework of Strategy Map and Balanced Scorecard.
    • Ensure strategy and strategic Planning is linked to operational planning and budgeting process.
    • Alignment of company personnel objectives to strategic objectives.
    • Effective strategy communications.
    • Identification of strategic initiatives.
    • Identifying Scorecard Metrics.
    • Strategy review process.

PQM can work with you to develop a Scorecard that is suitable for your organisation.

For further information, please Contact Us.

Note: This web page is not intended to provide comprehensive coverage of the subject, merely a brief introduction to provoke thought and to lead to a more in depth understanding and application of the topic, either through further reading - or from me as your management consultant, executive trainer or personal coach in a consultancy project, training course, workshop or seminar.

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