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The fundamental premise behind the Balanced Scorecard is
to translate a company’s strategic objectives into a
coherent set of performance measures which enable the
operationalisation of strategy. Selected measures are
grounded in the company’s strategic objectives and
competitive demands. By having a restricted number of
key measures, the Balanced Scorecard helps to focus the
company on the achievement of its strategic vision,
providing the link between long-term strategy and
short-term actions.
Where companies used to focus exclusively on financial
lag indicators, the Scorecard, with its multidimensional
view, functions as the cornerstone of both present and
future success. The measures contained within the
scorecard are supplemental to traditional financial
measures and cover the added perspectives of Customers,
Internal Business Processes, and Learning and Growth.
The Scorecard provides an integrated view of the
Company.
ELEGANCE provides a comprehensive set of Balanced
Scorecard consulting services to help our clients
implement and manage using the Balanced Scorecard to
drive improved business results.
To support and drive the overall process of strategy
execution, ELEGANCE offers a solution set that can be
matched to seven distinct stages in the strategy
execution process.
These services include:
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Setting up the scorecard hierarchy – Overall
organization, Strategic Business Units. (Functional
areas, divisions, geographic)
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Establishing Objectives and measures to be
incorporated into the scorecard.
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Developing the Strategy Map and linking objectives
and measures in a cause and effect relationship.
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Establishing performance ranges and weighting
measures/objectives/scorecards.
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Setting up initiatives and action plans based on
objectives.
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Designing an on-going management process of the
scorecard.
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Setting up and building an analysis solution based
on the scorecard design.
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Balanced
Scorecard