Hi
Can anybody explain the concept of "Balance Score Card Method". Is it an OD technique or an appraisal tool?? Kindly elaborate as to how it is relevant and useful for HR Dept. in todays professional world.
Will be great if some one can explain this concept in context to IT Org.
Pals do repel and help me understand the concept!!!
Regards
Shruti :)
From India, Delhi
Can anybody explain the concept of "Balance Score Card Method". Is it an OD technique or an appraisal tool?? Kindly elaborate as to how it is relevant and useful for HR Dept. in todays professional world.
Will be great if some one can explain this concept in context to IT Org.
Pals do repel and help me understand the concept!!!
Regards
Shruti :)
From India, Delhi
Hi
Balance Score Card ( BSC) has nothing to do with the HR domain.
Infact BSC is implemented is a reporting tool , which have some measures , that relate to the overall performance of the Organization.
In typical BSC implementation the performance and related measures , from the following areas would be considered, and the data would be analyzed against the Organizational objectives.
Financial Perspective
Customer Perspective
Employee Learning
Internal process.
A well implemented BSC can help , managers identify key metrics , and thereby identify deviance from the original plan.
To make it simple the concept can be compared to that of Dash Board ", in a vehicle . The Dash board , give all information pertaining the car to the driver in a glance. BSC serves the same purposes , in an organizational context.
BSC , was formulated by Mr. Kaplan & David Norton. Of late new concepts have emerged in BSC. Ex. The Performance Prism , The Third Generation BSC etc
Trust the same has given you some basics of BSC
Keep Learning!!
Prasanth
From United Arab Emirates, Dubai
7Balance Score Card ( BSC) has nothing to do with the HR domain.
Infact BSC is implemented is a reporting tool , which have some measures , that relate to the overall performance of the Organization.
In typical BSC implementation the performance and related measures , from the following areas would be considered, and the data would be analyzed against the Organizational objectives.
Financial Perspective
Customer Perspective
Employee Learning
Internal process.
A well implemented BSC can help , managers identify key metrics , and thereby identify deviance from the original plan.
To make it simple the concept can be compared to that of Dash Board ", in a vehicle . The Dash board , give all information pertaining the car to the driver in a glance. BSC serves the same purposes , in an organizational context.
BSC , was formulated by Mr. Kaplan & David Norton. Of late new concepts have emerged in BSC. Ex. The Performance Prism , The Third Generation BSC etc
Trust the same has given you some basics of BSC
Keep Learning!!
Prasanth
From United Arab Emirates, Dubai
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Balance score card.pdf
Balance Score Card.zip