Wednesday 28 November 2012

The last three stages of Balanced Scorecard System are:

Automation
Cascading and
Evaluation of the system

The the case of automation, organizations need to consider the relevance of using softwares that enable registration and monitoring results. This serves two important purposes.
1. Identify problems and help to design strategies to bring them into the right truck
2. Provide information for evaluation of performance at the end of a given period.

An importnat point to conder here is that the software we choose needs to be easy to handle and should provide relelvant information.

Cascading is all about bringing the strategic objectives of organizations to the levels of departments and individuals. It is a very esssential step where departmental and individual roles are clearly identified and responsibilites are provided. Results to be acheived at all levels need to be made crystal clear to everyone at every level at this stage so as to issure success.

Evalaution of a Balanced Scorecard implemented in an organization needs to be given a great attention. Sources confirm that the first year of implementation of BSC is a very critical period to put the system in place and make sure that relevant pitfalls are properly addressed. For this, strategies need to be disigned to conduct the evalaution of the BSC system all along for development purpose.




So, what are you thinking about improving the performance of your organization?
Give it a try and make the most out of BSC.

Good Luck
Getachew Melaku
Consultant in Perforamnce Management and Planning

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