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Dynamic Balanced Scorecard System

Dynamic Balanced Scorecard System

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Dynamic Balanced Scorecard System

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  1. Dynamic Balanced ScorecardSystem

  2. What is a Balanced Scorecard? • Introduced by Robert Kaplan and David Norton • as a performance measurement framework that added strategic non-financial performance measuresto traditional financial metrics • 'balanced' view of organizational performance.

  3. What is a Balanced Scorecard? • provides a framework that not only provides performance measurements, but helps planners identify what should be done and measured • concepts of previous management ideas such as Total Quality Management (TQM),

  4. BALANCED SCORECARD • It translates VISION andSTRATEGY into OBJECTIVES and MEASURESacross four balanced perspectives: FINANCIAL CUSTOMER INTERNAL PROCESS LEARNING AND GROWTH Dynamic Balanced Scorecard

  5. FINANCIAL PERSPECTIVE "If we succeed, how will we look to our shareholders?”

  6. CUSTOMER PERSPECTIVE "To achieve my vision, how must I look to my customers?”

  7. INTERNAL PROCESSES PERSPECTIVE "To satisfy my customer and stockholders, at which processes must I excel?”

  8. INTERNAL PROCESSES PERSPECTIVE • Mission-oriented Processes • Process for Unique problems • Support Processes • Repetitive processes

  9. LEARNING AND GROWTH PERSPECTIVE "To achieve my vision, how must my organization learn and improve?”

  10. Objectives Measures Targets Initiatives

  11. Terms • Critical Success Factors(CSF) • Key Performance Indicators (KPI) • Action Items

  12. Applications • Performance Evaluation • Vision and Strategy Development • Resource Management

  13. Proposed Dynamic Balanced Scorecard System

  14. M

  15. Security Features

  16. Dynamic Balanced Scorecard

  17. Dynamic Balanced ScorecardSystem Dynamic Balanced Scorecard

  18. C O N T E N T Dynamic Balanced Scorecard • Objectives • Overview Of The System • Structure • Assumed Users • Applications • Involved Technologies • Flip Book • Applications of the System

  19. O B J E C T I V E Dynamic Balanced Scorecard • To be able to create an application that will aid managers/executives in efficiently aligning and focusing their resources to it’s strategy and truly execute their strategies.

  20. O B J E C T I V E Dynamic Balanced Scorecard To be able to identify and have a more comprehensive view of a business (viewing it into a broader and complete perspective), thus create wiser long-term decisions

  21. O B J E C T I V E Dynamic Balanced Scorecard • To be able to create a different approach to strategic management and organizational development, one that is responsive to it’s environment

  22. Overview Of The System Structure Application Dynamic Balanced Scorecard Assumed Users

  23. S T R U C T U R E database server Dynamic Balanced Scorecard

  24. A S S U M E D U S E R S Dynamic Balanced Scorecard Managers Executive Planners and Analysts

  25. Application • Performance Evaluation • Vision and Strategy Development • Resource Management Dynamic Balanced Scorecard

  26. I N V O L V E D T E C H N O O G I E S Dynamic Balanced Scorecard System Dynamics Balanced Scorecard

  27. I N V O L V E D T E C H N O L O G I E S SYSTEM DYNAMICS Dynamic Balanced Scorecard

  28. S Y S T E M D Y N A M I C S System dynamics is a methodology for studying and managing complex feedback systems, such as one finds in business and other social systems. What is System Dynamics? Feedback refers to the situation of X affecting Y and Y in turn affecting X perhaps through a chain of causes and effects. Dynamic Balanced Scorecard

  29. System Dynamics: Methodology identifies a problem develops a dynamic hypothesis explaining the cause of the problem builds a computer simulation model of the system at the root of the problem tests the model to be certain that it reproduces the behavior seen in the real world devises and tests in the model Dynamic Balanced Scorecard

  30. System Dynamics: Dynamic Balanced Scorecard

  31. I N V O L V E D T E C H N O L O G I E S Dynamic Balanced Scorecard System Dynamics Balanced Scorecard

  32. I N V O L V E D T E C H N O L O G I E S Dynamic Balanced Scorecard Balanced Scorecard