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Balanced Scorecard

A Balanced Scorecard is a management tool that helps managers at all levels, monitor results in their key areas. The traditional scorecard has been enhanced in a balanced scorecard with the scope of measure to include financial performance, customer knowledge, internal business processes and learning and growth. This allows the monitoring of present performance, but also tries to capture information about how well the organization is positioned to perform well in the future.

CREONTECH’s balanced scorecard services provide you with the following key benefits:

Focusing the whole organization on the few key things needed to create breakthrough performance.

Helping to integrate various corporate programs, such as quality, re-engineering, and customer service initiatives Breaking down strategic measures to local levels so that unit managers, operators, and employees can see what's required at their level to roll into excellent performance overall.

CREONTECH’s balanced scorecard approach also helps you develop and implement project metrics, as a method for ensuring that the project meets both the customer and the business needs. CREONTECH’s Balanced Scorecard approach includes both financial and non-financial metrics, as well as lagging and leading measures across the four areas or perspectives: Financial, Customer, Internal Processes, and Employee Learning and Growth.

CREONTECH’s process for building a Balanced Scorecard includes:

Identifying critical success areas within your business
Leading a cross-functional team for developing individual scorecards
Coordinating the design of an enterprise-wide scorecard based on individual scorecards
Liking your strategy plans to the design of the Balanced Scorecard

 
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