Balance Scorecard

Balanced scorecard is the most widely adopted performance management methodology. We use it for measuring whether the activities of a company are meeting its objectives in terms of vision and strategy. BMS can elaborate a Balance Scorecard for your business that enables you:

to drive strategy execution,
to clarify strategy and make it operational,
to identify and align strategic initiatives,
to link budget with strategy,
to align the organization with strategy
to conduct periodical strategy performance reviews,
to learn about strategy and improve it

Our Balanced Scorecard consulting process is designed specifically for organizations with a business need to link long-term strategies with short-term operations. With Balanced Scorecard you will effectively:

Communicate your strategy throughout your company;
Translate your business plan into specific operational goals and objectives;
Link your operational goals and objectives with each employees function;
Use a dashboard of key performance indicators to assess and manage the results of your business strategy.

By linking 4 key business perspectives, this consulting process will insure you will achieve a consistency of vision and action. Our Balanced Scorecard model is shown below:

Balanced Scorecard Model

	Financial
	What must we do to create sustainable economic value?
Customer Focus	Linking 4 Key Business Perspectives	Internal Operations
What do our customers require from us and how are we doing according to those requirements?	Linking 4 Key Business Perspectives	To satisfy our stakeholders, what must be our levels of productivity, efficiency, and quality?
	Workforce Performance Management
	How does our employee performance management system, including feedback to employees, support high performance?

.“We help organizations to improve day to day operations…„

Results - Outcomes you can expect!
The results of our efforts will be your company's fully deployed business strategy. The effort will yield a set of customer, operational, financial, and workforce success factors and metrics derived from your strategic planning. The deployment of these critical success factors will drive alignment of strategic objectives and metrics for your company's departments and work units. Departments and work units will have fully developed and comprehensive action plans and a dashboard of key performance indicators to achieve the designated strategic objectives.
Going forward you will specifically:

Execute action plans that address your key strategic objectives;
Measure and manage your company's performance based on a qualified set of key performance indicators;
Allocate resources to ensure accomplishment of your overall strategic plan;
Monitor your company's key performance measures and indicators for tracking progress relative to your action plans.

Account for and achieve your strategic objectives, action plans and performance measures to achieve overall performance excellence.