Measure the Effectiveness of Your Organizational Strategies
The balanced scorecard has evolved from its early use as a simple performance measurement framework to a full strategic planning and management system .it is considered a tool used to evaluate organizational strategies this tool must accommodate the varied goals of different strategies:
The purpose of a balanced scorecard is to achieve balance in four main areas:
- Between Financial and non-financial indicators of success.
- Between internal and external constituents in the organization.( Customer / Operations)
- Between lagging indicators and leading indicators of performance.
- You can easily attract more investors and customers after you implement this approach by increasing your credibility of your strategic planning. hpa
The mountain of articles, posts and books written on leadership every year reflects two realities. First, people are very interested in how to be an effective leader. And second, leadership isn’t a one-size-fits-all endeavor. The lessons mined from one leader’s experience may not be applicable in a different context. More than offering leadership development, organizations can address this reality by creating a culture of leadership.
Creating a culture of leadership has four primary components: Self-mastery, Action, Relationship and Context.