Monthly Archives: July 2010

Balanced Scorecard Training

We are happy to provide our customers not only with high quality Balanced Scorecard software, but also with ready-to-use information about Balanced Scorecard. Learn more about Balanced Scorecard trainings: Check FREE bonus lessons on Balanced Scorecard; Check Balanced Scorecard e-trainings;

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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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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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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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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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SWOT and Balanced Scorecard

Download SWOT Analysis FREE Guide Download now! Before we go in to the details of the balanced Scorecard method and compare it to the SWOT analysis, let’s take a look at the BSC (Balanced Scorecard) and define what it is, what it does and how it differs from the SWOT

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SWOT analysis: introduction and use of the method in the business environment

Download SWOT Analysis FREE Guide Download now! If you are even remotely familiar with a business world, you have certainly heard about the competitive environment, strategic planning and business analysis. The page was moved to Business Analysis Method Toolkit There are several different methods currently used in the business world

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SWOT Analsys Free Guide

Download SWOT Analysis FREE Guide Download now! Bonus Mini-Training: Strategic Goals and BSC There are several different methods currently used in the business world and one of the most popular strategic evaluation tools is the SWOT analysis. The page was moved to Business Analysis Method Toolkit SWOT stands for strengths,

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