Monthly Archives: July 2010

List of sample KPIs in 5 perspectives of BSC

Successful implementation of Balanced Scorecard and introduction of strategy maps concept of the company very much depends on the right choice of key performance indicators (KPIs).  Unfortunately, it is impossible to develop a universal set of key performance indicators which will be effective for any company.  Every business is individual

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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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Posted in Strategy Map
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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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Posted in Features
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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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Key success factors in development of strategy maps

There is no universal solution to problems arising from implementation of Balanced Scorecard and development of strategy maps.  Most business owners, top managers and BSC specialists will prove this fact.  The format and the contents of strategy maps depends on a number of factors: industry, size and age of the

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Posted in Strategy Map
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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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BSC Designer Ensures Strategy Implementation

I am a strategy consultant for blue-chip private sector clients, as well as public sector clients throughout Africa, the Middle East and North America. I utilize the Balanced Scorecard to ensure that clients implement their carefully crafted strategies. We live in an age where data needs to be turned into

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Posted in BSC Designer Testimonials
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Balanced Scorecard helps to follow personal goals

Being active in the business world as a consultant and tutor, I work especially on issues of project based organizations. Actually, I am currently engaged with the strategic planning and implementation in our company based on BSC system. We are going to see this system as a new field in

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Posted in BSC Designer Testimonials
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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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