Discussion-12by Disha Dungrani – Saturday, 4 August 2018, 1:27 PM
Article 1 : The application of the balanced scorecard (BSC) in the higher education setting of a Polish university
This article provides basic information about Balanced score card, what kind of problems managers are facing in defining the strategies and how balanced score help managers to over come it,What kind of issues are being faced by univerisites in higher education and how balanced scorecard can help them to increase efficiency. It also states that how they applied balance scorecard in one polish university. It also states that Kaplan and norton has developed Balanced score card based upon study taken from research.As per article Balanced is system which measures the performance. It is a set of measures that gives manager clarity from four core pillars/perspective which are as below : a) Financial b) Customer c) Internal 4) Innovation and learning
for each pillar objectives/perspective are defined and with each objective ,one or more measure gets matched to make balanced score card more operational and by matching them we can come to know about the performance or efficiency.
Article 2 : The Balanced scorecard method : From theory to practice
The article describes about origins of balance score card method. As per article Balance score card can be effectively implemented in both public sector and non profit sector. Balance score card is a performance measure system which is structured according to login of management circle. Balanced score card was created primarily as a measurement system and concerning the measurement of performance ability of company. Balanced score card was organised through four different perspective : a) Financial b) Customer c) Internal d) Learning . This article states also mention like balanced scorecard measurement focuses on management processes whicha re as below. a) Clarifying and translating vision and strategyb) Communicating and liking strategic objectives and measuresc) Planing, Structuring and following strategic initiativesd) Improving strategic feedback and learning
Also as this article , writer has also mentioned kaplan and norton’s recommended nine steps process for creating and implementing balanced scorecard in organization. In this article, how balanced scorecard between private and public sectors and detailed about it. Also this article , strategy mapping is also described like how strategy map provides a visual framework for an organization’s strategy. Also as per this article how balance scorecard and strategy map works together effectively in a such a way by following six steps. 1) Establish and define what the current value gap is for share holder2) Reconcile your current value proposition 3) Establish your project time line4) Indentify your key strategic themes 5) Identify and aling your intangible assets6) Specify and fund the strategic initiatives required to execute the strategy
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