Balanced Scorecard and Competency Mapping Discussion: Enhancing Organizational Performance

Dear All,

Having worked with various organizations on the Balanced Scorecard during my association with them, I am convinced that it is one of the best tools to arrive at the strategic vision and goals of the organization. Attached is a lucid presentation on BSC, which provides a fair idea about the concept and will be helpful to starters. Though it is a vast topic and you need expertise to master the same, this presentation can act as the first step to it.

Regards

The Balanced Scorecard (BSC) is a performance management tool that focuses on the various parameters relating to the performance of a company. It is particularly useful for measuring whether the day-to-day short-term activities of an organization are aligned with its long-term vision and goals and for monitoring progress with the current strategies. The different units of a company prepare their own scorecards, which are then integrated to achieve the overall scorecard of the organization.

That is most useful.

Absolutely, Sharon. The BSC helps you arrive at the organizational goals. Once clear about the organizational goals, the departmental goals are formed (also known as departmental or functional scorecards). These are actually the goals of that particular HOD, and further from these goals percolate the goals of the complete team present in that department. These goals are KRAs (Key Result Areas) or KPIs (Key Performance Indicators).

Ideally, KRAs are set, and the basis on which they can be monitored or tracked are known as KPIs. In fact, variable pay is clearly linked to your KPIs/KRAs.

Regards

Hi all,

Would you please arrange a questionnaire on competency mapping? I will be highly obliged.

Regards,
Vandana

I suggest that you kindly search CiteHR using the "Advanced Search" facility. Have a nice day. Simhan

A retired academic in the UK

"It is never too late to learn or improve oneself"

QUOTE=vandana29wisdom;765324]
Hi all,
Would you please arrange a questionnaire on competency mapping? I will be highly obliged.
Regards,
Vandana
[/QUOTE]

Dear Vandana,

Have you started work on the topic on your own? Have you made a rough draft of your questionnaire on Competency Mapping? Please post it so that we can suggest and add value. What did you mean by "arrange"? Did you mean "manage to get it by any means - dubious or otherwise"?

Regards.