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Scorecard System. When an organization implements ... is vital. The decision to deploy
a scorecard system requires the same analysis. The costs ...
... The balance scorecard system is part of a strategic and operation-planning objective
setting and monitoring as well as learning about how well the strategy ...
... other hand, breaking the rules in one case might be considered by the others as
a possibility to claim other exceptions from the new scorecard system, this may ...
... The balanced scorecard is a management system (not only a measurement system) that
enables organizations to clarify their vision and strategy and translate ...
... This essay will discuss Balance Scorecard (BSC) can help organisations achieve better
results when compared to traditional performance measurement system. ...
Submitted by UnityNPower on February 23, 2005
Category: Business
Words: 1363 | Pages: 6
Views: 319
Popularity Rank: 29,710
Average Member Grade: N/A (Add a Comment / Grade this Paper)
When an organization implements any management control tool, the cost/benefit balance is vital. The decision to deploy a scorecard system requires the same analysis. The costs of implementing a new tool are relatively easy to appraise, but often, there's a lack of reliable information about the benefits. This article explores the extent to which organizations have realized significant benefits from using a scorecard system. (We use the term "scorecard system" to include both the scorecard as a control tool and the process, or technique, of integrating the scorecard system into the overall performance-achievement cycle of the firm.)
Over 150 service, manufacturing, and government organizations have responded to an on-line scorecard survey sponsored by the AICPA, CAM-I, CMA Canada, IQPC, Targus Corporation, and Hyperion (http://graziadio.pepperdine.edu/shaps). This article is the first in a series focusing on key themes from our findings. Almost two-thirds of the survey respondents agreed that significant benefits had been realized from using a scorecard system.
During the data analysis, respondents were divided into two groups: those that reported significant benefits from scorecard implementation (the "significant benefits group," hereafter SBG) and those that reported no significant benefits (the "no significant benefits group," hereafter NSBG).
Organizations can maximize the benefit they receive from a scorecard implementation by following the recommendations provided below. These recommendations also provide a gauge by which to appraise existing scorecard systems.
Impetus for Scorecard
Aligning employee behaviour with organizational goals and communicating strategy throughout the organization are important objectives of the scorecard system. The SBG unanimously set these reasons as a top priority, whereas only 39% of the NSBG cited these as objectives for implementing a...
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