The main intention behind this project is to make clear how a balanced scorecard could possibly be used as a tool for communicating strategy within companies by using a case study of a Hospital. This project report focuses only on how the balanced scorecard is utilized as a communication tool towards staff members and not towards various stakeholders. A qualitative approach was employed to get a much deeper understanding of the subject.
A Balanced Scorecard technique requires you to have a holistic view of an corporation and co-ordinate so that efficiencies are experienced by all sections. The balanced scorecard is a strategy performance management tool – a semi-standard structured report, backed up by design
The IT function in organizations is under pressure to proof how they realize value for the business. IT Governance is often seen as a solution for this issue. IT Governance consists of the leadership and organizational structures and processes that ensure that the enterprise its IT sustains and extends its strategies and objectives.
The concept of the balanced scorecard was introduced by Harvard professors Robert S. Kaplan and David P. Norton in 1992 when organizations realized that it was no longer sustainable to focus only on financial objectives in order to stay competitive. The balanced
The report describe how a construction firm could integrate the strategy with the operative work on the project level in order to sustain and develop their competitive advantages in a growing competitive environment, by implementing a balanced scorecard (BSC) The report concludes that the
In a free market economy, achieving the highest performance and thereby the organization’s goals is the ultimate responsibility of management. Performance needs to be managed to ensure that the organization is meeting its vision and goals. The Balanced Scorecard is a concept
Business process improvement for increased product quality is of continuous importance in the software industry. Quality managers in this sector need effective, hands-on tools for decision-making in engineering projects and for rapidly spotting key improvement areas. Measurement programs are a widespread approach
Despite of the success of Human Capital Management (HCM) in research it did not arrive yet in the HR departments of many companies. Numerous firms even have problems to set their strategic goals with focus on HR. The HR Balanced Scorecard approach