The scorecard contains a diverse set of performance measures, including financial performance, customer relations, internal business processes, and learning and growth, in showing how daily… Read More »IT Strategy: Should compensation systems be linked to balanced scorecard measures?
Compensation may be adjusted according the the business needs, goals, and available resources, performance, so that decisions, resources and activities can be better aligned with… Read More »Strategy: Can the data be used to improve performance in areas other than the one(s) assessed?
Although increasing program requirements may make a loyalty program less relevant to some consumers, it can also make the program more appealing to frequent customers.… Read More »Customer Loyalty Program: How will you achieve superior levels of customer loyalty?
Hoshin Kanri: What will you often see in a red-yellow-green scorecard system that follows a the balanced scorecard approach?
Pdca is a generic method for continuous improvement, which is what hoshin planning aims to be, it promotes adaptive planning, evolutionary development, early delivery, continuous… Read More »Hoshin Kanri: What will you often see in a red-yellow-green scorecard system that follows a the balanced scorecard approach?
Cost allocation: What is managerial accounting, activity based costing, the balanced scorecard and bottleneck accounting?
Cost allocation show is how internally generated accounting information is used as a basis for managerial decision making, the case focuses on the application of… Read More »Cost allocation: What is managerial accounting, activity based costing, the balanced scorecard and bottleneck accounting?
Gain senior management commitment to establish benchmarking as a process within your organization and educate staff and stakeholders about the benefits. To say nothing of,… Read More »Benchmarking: Does your facility afford the cost of benchmarking data?
Almost every organization, group or organization performs long-range planning at one time. or another, in strategic feedback and learning, the management gets up-to-date reviews regarding… Read More »Long-Range Planning: Why strategic management and the balanced scorecard?
There are enormous opportunities to reduce total cost throughout the supply chain, without any negative consequences, by designing for manufacturability, specifying off-the-shelf parts, eliminating the… Read More »Overhead Reduction: Are there expectation for reduced unit cost?
Incremental or continuous change is the orderly sequence of change that is expected as time and growth progress, before you can expect your front-line employees… Read More »Gemba Walks: Why do continuous improvement initiatives fail?
Similar to issues-based planning, many people might assert that the alignment model is really internal development planning, rather than strategic planning, resources need to be… Read More »Long-Range Planning: Why strategic management and the balanced scorecard?