Dear Pls send me information about Competency mapping & balance score card & what are the tools methods, concept used & how to implement it. regards Jitendra
From China
Acknowledge(0)
Amend(0)
From China
Acknowledge(0)Amend(0)
In 1992, Robert S. Kaplan and David P. Norton introduced the balanced scorecard, a concept for measuring whether the activities of a company are meeting its objectives in terms of vision and strategy. By focusing not only on financial outcomes but also on the human issues, the balanced scorecard helps to provide a more comprehensive view of a business, which in turn helps organizations to act in their best long-term interests.
Balanced Scorecard is simply a concise report featuring a set of measures that relate to the performance of an organization. By associating each measure with one or more expected values (targets), managers of the organization can be alerted when organizational performance is failing to meet their expectations.
Implementing the scorecard typically includes four processes:
Translating the vision into operational goals;
Communicate the vision and link it to individual performance;
Business planning;
Feedback and learning and adjusting the strategy accordingly.
The earliest Balanced Scorecards comprised simple tables broken into four sections - typically these 'perspectives' were labeled "Financial", "Customer", "Internal Business Processes", and "Learning & Growth". Designing the Balanced Scorecard simply required picking five or six good measures for each perspective.
In the mid-1990s, an improved design method emerged. In the new method, selection of measures was based on a set of 'strategic objectives' plotted on a 'strategic linkage model' or 'strategy map'.
Since the late 1990s, various improved versions of Balanced Scorecard design methods have emerged - examples being The Performance Prism, Results-Based Management, and Third Generation Balanced Scorecard, for example. These more advanced design methods seek to solve some of the remaining design issues - in particular issues relating to the design of sets of Balanced Scorecards to use across an organization, and in setting targets for the measures selected.
Source: Wikipedia
Acknowledge(0)Amend(0)
Balanced Scorecard is simply a concise report featuring a set of measures that relate to the performance of an organization. By associating each measure with one or more expected values (targets), managers of the organization can be alerted when organizational performance is failing to meet their expectations.
Implementing the scorecard typically includes four processes:
Translating the vision into operational goals;
Communicate the vision and link it to individual performance;
Business planning;
Feedback and learning and adjusting the strategy accordingly.
The earliest Balanced Scorecards comprised simple tables broken into four sections - typically these 'perspectives' were labeled "Financial", "Customer", "Internal Business Processes", and "Learning & Growth". Designing the Balanced Scorecard simply required picking five or six good measures for each perspective.
In the mid-1990s, an improved design method emerged. In the new method, selection of measures was based on a set of 'strategic objectives' plotted on a 'strategic linkage model' or 'strategy map'.
Since the late 1990s, various improved versions of Balanced Scorecard design methods have emerged - examples being The Performance Prism, Results-Based Management, and Third Generation Balanced Scorecard, for example. These more advanced design methods seek to solve some of the remaining design issues - in particular issues relating to the design of sets of Balanced Scorecards to use across an organization, and in setting targets for the measures selected.
Source: Wikipedia
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Competency mapping.ppt
Balanced Scorecard.zip
ART AND SCIENCE OF COMPETENCY MAPPING.doc