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Performance Measurement and the Balanced Scorecard (Collection)

Scorecards underpin the most successful performance measurement programs. The items in this collection explain how to put together a scorecard with measures that will lead to the strategic changes you envision.

Type: Product Collection  Topics: Performance Measurement, Business Excellence, Measurement, Corporate Performance Measures, Balanced Scorecard  Processes: 12.1.1 Create enterprise measurement systems model, 12.0 Manage Knowledge, Improvement, and Change, 12.1 Create and manage organizational performance strategy  Industry: Electronics, Energy and Utility, Financial Services/Banking, Government/Military, Healthcare 
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Measurement: Best Practice Approaches for Informed Decision Making

Well-designed measurement systems that align with strategic goals can provide enormous guidance for executives and managers.

Type: Articles and White Papers  Topics: Business Excellence, Measurement Frameworks, Measurement, Performance Measurement, Process Measures, Corporate Performance Measures, Measurement, Balanced Scorecard, Quality Measurement  Processes: 12.1.1 Create enterprise measurement systems model, 12.0 Manage Knowledge, Improvement, and Change, 12.1 Create and manage organizational performance strategy, 12.1.1.1 Establish performance measures, 12.1.1.2 Establish performance monitoring frequency, 12.1.1.3 Set performance targets, 12.1.2 Measure process productivity, 12.1.3 Measure cost effectiveness, 12.1.4 Measure staff efficiency, 12.1.5 Measure cycle time 
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Employee Recognition Programs

APQC's perspective on metric data from APQC's Open Standards Benchmarking Collaborative related to Employee Recognition Programs.

Type: Benchmarks and Metrics  Topics: Balanced Scorecard, Business Excellence, Measurement  Processes: 5.3.1 Measure customer satisfaction with customer requests/inquiries handling, 5.0 Manage Customer Service, 5.3 Measure and evaluate customer service operations 
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Tying the Balanced Scorecard to Compensation

Organizations tie compensation to balanced scorecards in many ways.

Type: Best Practices and Business Drivers  Topics: Incentive Plans, Human Capital Management, Rewards and Recognition Programs, Balanced Scorecard, Business Excellence, Measurement, Recognition and Rewards Programs  Processes: 12.1.1 Create enterprise measurement systems model, 12.0 Manage Knowledge, Improvement, and Change, 12.1 Create and manage organizational performance strategy, 6.4.1 Develop and manage reward, recognition, and motivation programs, 6.0 Develop and Manage Human Capital, 6.4 Reward and retain employees, 6.4.1.1 Develop salary/compensation structure and plan, 6.4.1.2 Develop benefits and reward plan, 6.4.1.6 Reward and motivate employees  Industry: Energy and Utility, Financial Services/Banking 
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Integrate Balanced Scorecards into Management Systems

For a balanced scorecard to benefit an organization and drive it toward the achievement of strategic goals, the organization must embed the scorecard into existing management structures so that objectives are ...

Type: Best Practices and Business Drivers  Topics: Balanced Scorecard, Business Excellence, Measurement, Organization and Management  Processes: 12.1 Create and manage organizational performance strategy, 12.0 Manage Knowledge, Improvement, and Change, 12.1.1 Create enterprise measurement systems model, 6.3.2 Manage employee performance, 6.0 Develop and Manage Human Capital, 6.3 Develop and counsel employees  Industry: Energy and Utility, Government/Military 
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Effectively Deploying the Balanced Scorecard

Balanced scorecard implementations require strong communication, clear links from measures to strategic objectives, and defined accountability in order for the scorecard to deliver performance results.

Type: Best Practices and Business Drivers  Topics: Balanced Scorecard, Business Excellence, Measurement  Processes: 12.1.1 Create enterprise measurement systems model, 12.0 Manage Knowledge, Improvement, and Change, 12.1 Create and manage organizational performance strategy, 12.1.1.1 Establish performance measures, 12.1.1.3 Set performance targets, 12.4.3 Implement change, 12.4 Manage change  Industry: Energy and Utility, Financial Services/Banking, Healthcare 
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Ongoing Support for Balanced Scorecards

Scorecards require more than staff training to continue to provide benefit to an organization.

Type: Best Practices and Business Drivers  Topics: Balanced Scorecard, Business Excellence, Measurement  Processes: 12.1.1 Create enterprise measurement systems model, 12.0 Manage Knowledge, Improvement, and Change, 12.1 Create and manage organizational performance strategy, 12.4.4 Sustain improvement, 12.4 Manage change  Industry: Computers, Electronics, Financial Services/Banking 
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Use Scorecards to Boost Business Process Management

To fully integrate business process management (BPM) into an organization, leaders should develop measurement tools like a balanced scorecard.

Type: Best Practices and Business Drivers  Topics: Business Process Management (BPM), Business Excellence, Process, Balanced Scorecard, Measurement  Processes: 12.1.1 Create enterprise measurement systems model, 12.0 Manage Knowledge, Improvement, and Change, 12.1 Create and manage organizational performance strategy, 12.4.2.6 Establish metrics, 12.4 Manage change, 12.4.2 Design the change, 12.4.4.1 Monitor improved process performance, 12.4.4 Sustain improvement  Industry: Energy and Utility, Engineering, Financial Services/Banking, Government/Military 
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Standard Definitions of Scorecard Measures

The measures included in scorecards must be calculated consistently. Scorecards should provide comprehensive definitions and calculations that are performed the same way for every report.

Type: Best Practices and Business Drivers  Topics: Measurement, Business Excellence, Measurement, Balanced Scorecard  Processes: 12.1.1 Create enterprise measurement systems model, 12.0 Manage Knowledge, Improvement, and Change, 12.1 Create and manage organizational performance strategy, 12.1.1.1 Establish performance measures  Industry: Computers, Electronics, Healthcare 
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Aligning Performance Measurement Systems with Business Priorities

Measurement systems need to be aligned with organizational strategy and objectives. Learn how best-practice organizations Bank of America, JetBlue, and L.L.

Type: Best Practices and Business Drivers  Topics: Business Excellence, Measurement, Measurement, Balanced Scorecard  Processes: 1.0 Develop Vision and Strategy, 1.1.3 Perform internal analysis, 1.1 Define the business concept and long-term vision, 1.2 Develop business strategy, 1.2.6 Develop and set organizational goals, 12.1 Create and manage organizational performance strategy, 12.0 Manage Knowledge, Improvement, and Change, 12.1.1 Create enterprise measurement systems model  Industry: Airline, Financial Services/Banking, Retail/Catalog/Mail Order 
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