Performance Management Made Easy
Paul NivenPerformance Management ExpertUnited States | Consulting Execution and the Balanced Scorecard
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“Execution” is the primary imperative of modern business leadership, and the concept extends to the implementation of the Balanced Scorecard. Read this article to learn how the Scorecard system requires disciplined execution to produce results.
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Strategy and the Balanced Scorecard
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The study of business strategy, while relatively new, has produced thousands of works over the past several decades, and many schools of thought exist relating to the formulation of strategy. While strategy development is vital, true success is entirely dependent upon the successful execution of strategy. The Balanced Scorecard is a proven tool for describing and executing strategy, and in this article you'll learn about the critical link between strategy and the Scorecard.
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Why Nonprofits Need a Balanced Scorecard
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To successfully compete in today’s environment of shrinking budgets and increased calls for accountability, nonprofits must invest in organizational capacity in order to demonstrate their results. The Balanced Scorecard can be easily modified to meet the needs of a nonprofit agency, allowing them to do just that. Read this article to learn how using the Balanced Scorecard allows a nonprofit to demonstrate results, accountability, and attract scarce resources.
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Using the Balanced Scorecard in the Public Sector
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The Balanced Scorecard system, while originally created with the private sector in
mind, can be easily altered to fit the demands of the public sector. In this article you’ll discover that many public sector organizations have embraced the Balanced Scorecard and are using it to drive focus, accountability, and alignment.
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Driving Focus and Alignment with the Balanced Scorecard
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All organizations face three critical challenges: overcoming our historical reliance on financial measures of success, the rise of intangible assets and how best to utilize them, and the
diffculty of executing strategy.
Developed in 1990 and now used
by over 60 percent of the Fortune
1000, the Balanced Scorecard is
a proven tool in meeting the challenges modern enterprises face
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Biography
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Paul R. Niven is an author, management consultant, and noted speaker on the subjects of Strategy Formation and Strategy Execution with the Balanced Scorecard. As both a practitioner and Consultant he has developed successful Performance Management systems for clients large and small in a wide variety of organizations, including Fortune 1000 companies, public sector agencies, and nonprofit organizations. Read on...Paul R. Niven is an author, management consultant, and noted speaker on the subjects of Strategy Formation and Strategy Execution with the Balanced Scorecard. As both a practitioner and Consultant he has developed successful Performance Management systems for clients large and small in a wide variety of organizations, including Fortune 1000 companies, public sector agencies, and nonprofit organizations. Paul’s latest book is “Roadmaps and Revelations: Finding the Road to Business Success on Route 101,” an entertaining management fable on the topic of Strategic Planning. The second edition of his very popular book “Balanced Scorecard Step by Step: Maximizing Performance and Maintaining Results” was released in September, 2006. The first edition has been translated into over a dozen languages. His other books include: “Balanced Scorecard Step by Step for Government and Nonprofit Agencies” second edition released by John Wiley & Sons in 2008, and “Balanced Scorecard Diagnostics” which was released in April, 2005. He may be reached through his websites: www.paulniven.com, |
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