Monthly Archives: July 2010

List of sample KPIs in 5 perspectives of BSC

Here is a general list of key performance indicators which are divided into categories. This list should not be viewed as a must have set of indicators, but it is based on the experiences of many companies and researches related to scorecards. Financial perspective Key performance indicators of the financial category make it

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Posted in KPIs
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The difference between PROGRESS and PERFORMANCE

The latest version of BSC Designer has much more useful features. Following requests of our users we have added the specify value – Progress. What is the difference between Progress and Performance? The indicator “Turnover Rate” has the performance equal to 16% and progress just 3,33%. Now we will check

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Posted in Features
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Strategy maps in government sector

The concept of strategy maps is based on the assumption that financial indicators do not always give a full picture of the company activity.  That’s why this model better suits companies and commercial organizations that have the primary goal of making profits.  It also concerns government sector.  This article focuses

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Changing indicator: less means better performance

Question: How to create indicators in Balanced Scorecard where “less means better”, e.g. when the decreasing of indicator’s values leads to the incrementation of performance. Answer:  You can do the following: 1. Click on the indicator 2. Change the “Optimization method”: If you need something more complicated, then you need

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Investing company use BSC Designer to visually track performance and quality

I like BSC Designer because it is very flexible and lets me import data from my own database, also I can link it to my internally developed applications, customize reports and communications.  This allows us to operate in real time over the web, collaborating with my people and the managers

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Posted in BSC Designer Testimonials
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Cause and effect ties between indicators in strategy maps

Balanced Scorecard system has gained such a tremendous popularity that it has become a choice for many companies and businesses, some of which were somewhat light-minded before BSC implementation.  This revolutionary performance evaluation and strategic management tool seems like a magic stick for so many companies that hope Balanced Scorecard

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Posted in Strategy Map
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Key Performance Indicators: Measuring Systems

How can one measure company success? What indicators’ values should be improved to outrun competitors? How to link routine operation with the strategy? In most cases a company has to find an answer to these questions. However, for enhancement of business performance it is important learning to assess factors that

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Posted in Balanced Scorecard Theory
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The use and testing of the Balanced Scorecard system

The use and testing of the Balanced Scorecard system in strategic performance management of a company Balanced Scorecard is a strategic tool that helps a company to control performance of its parts. Balanced Scorecard system is of great use in targeting and controlling of company’s strategic goals. Such kind of methods

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Posted in Balanced Scorecard Theory
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What to measure besides financial KPIs?

Performance measurement is the core of all improvements that humans can do in all spheres of life.  If something can be measured it can be certainly improved, as an individual possesses certain knowledge about what needs to be done to obtain better results.  Moreover, it is very important to determine

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Measuring management – Part 2

In studying organizational development and life cycle of businesses, it appears that there are four phases of organizational growth and therefore a need for four kinds of managers. The classification that will follow is not universal nor does it claim to be exclusive or for that matter all encompassing, but

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Posted in Balanced Scorecard Theory
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