How Are You Adapting to the Balanced Scorecard in Your Performance Management System?

Dear All,

Many corporations are following the 180-degree appraisal. You are aware that there is a new system called Balanced Scorecard, which balances the four Business Perspectives:

1. Financial
2. Customer (Internal / External)
3. Internal Business Process
4. Learning & Growth

As our employees are comfortable with the regular Key Result Areas (KRA) setting process, they are finding it challenging to accept the new Balanced Scorecard system. In our company, we have also encountered the same issue and have decided to incorporate the Balanced Scorecard as a base in our regular Performance Management System (PMS) process.

Please find attached the Goal Setting Form and a presentation on the above. KRAs are referred to as Objectives that need to be balanced across the four business perspectives in the Balanced Scorecard.

Regards,
Dinesh
91+9925150921

Could you please tell me how we can calculate BSC as I am working in a manufacturing organization? They want to implement BSC in the organization. What initial steps should be taken?

Hi all,

Just wondering if anyone has done a dissertation on Managing Performance. I am an MSc student of Management and work in the healthcare sector. I would like to have a read of a dissertation so that I can get an idea of what I need to cover. My dissertation title is "Implementing Performance Management in the Private Healthcare Sector."

Thanks,
Naila

Hi Dinesh,

Thank you for the presentations. They were helpful. Can you suggest something about E-Top analysis as I have to make a presentation for General Electronics (G.E) and need to do E-Top and Balanced Scorecard analysis for this?

Regards,
Seema

Hi Dinesh,

I believe there is an issue with the PPT link. I downloaded it twice, but it failed to open both times. If possible, please email me the PPT to my email address: monisha.symbiosis@gmail.com.

Thanks & Regards,
Monisha

Hi Dinesh,

Good work. It has helped me to understand the interlinking of appraisals and BSC. The way it is explained with a number of examples is also very helpful.

Thanks and regards,
Maria

Hello,

Could you please tell me the difference between G&O, KRA, and Balanced Scorecard.

Khushboo Sharma

Hi Dinesh,

I am working as an HR in a marketing company, and I am a fresher. My company is trying to implement balanced scorecards too. The presentation was informative, and if you know of any good places where they train HR executives on balanced scorecards and performance management systems in Chennai, please let me know. It will be really helpful.

Thank you and regards,
Ponkumaran

I want the initial information about the performance management system and the methods of PMS.

Regards,
ANAND