Posts Tagged ‘How To Make The Scorecard More Appropriate for My Business?’
- The participants
Members or investors are the people who contribute their savings to fund and, when they want, they can obtain full or partial refund. They are joint owners of the Fund’s assets, which are entitled to a percentage based on your input (number of shares).
At the time a person makes a contribution to the common heritage of the fund becomes a sharer in it. This contribution can be made either at the time of formation of the phone, or later. The holder may be a natural or legal person, resident or not, major or minor, may be no or multiple-account holders open.
- Shares
Units in the Fund are each equal in dividing the assets of an investment fund, that is, are the unit contribution of each investor. All entries have the same rights and are equal. Your property is entitled to participate in management performance, which will become effective in the profits or losses when the holder takes the decision to sell.
Participation is always by name (is the name of the participant) and may not be the carrier. Entries can be represented either by certificates or by book-entry (computer records). Are securities, but in reality are not traded on any stock exchange, to be bought and sold through the management company, which is what these issues and redeems shares.
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6. Fix Outlook: In this step are decided by the senior management of the company, what are the perspectives from which to focus the work. The most widely used, according to Kaplan and Norton model are: Learning and Growth Perspective internal, customer orientation and financial perspective. After defining the perspective, defines the ARC, the FCE, measurement indicators and targets, in line with the strategy outlined.
Key Result Areas are the scenarios of the company which developed the most important and critical processes that ensure the production of goods or services, according to the activity that is designed for the organization, as well as the areas of regulation and Control that serve to support and logistical support to them. Examples, Production, Human Capital, Technology and Development, Accounting and Finance, among others. Read the rest of this entry »
Interpretation of each step:
1. Identify general and specific objectives and how the causes of the performance of the WCC: Anchor General and Specific Objectives to be achieved with the WCC (For what I do). The causes may include: New building or reopening of the Company, Merger with one or more other companies, change its purpose, substantial changes in its structure, etc.
2. Write in short, the birth and evolution of the Company: In this step, you specify its Data General, Superior Organization to which he belongs, how and when it arises, Major changes, their causes and date. Behavior of the business plan for the last 5 years and current situation of investors plans, State of the resources they manage (human resources, financial, physical, computer, etc.). Read the rest of this entry »
I attach importance to expanding the traditional horizon was initially conceived the WCC, supplemented with more thorough and objective measurement of subjective factors, where special attention to the measurement of satisfaction, not only of the needs and requirements of customers but also the personal satisfaction of the human power available, translated in determining the real state of motivation, as the variable that is the lever with which the most important resource of all resources, human resources, can move the business (emphasis added) and thus able to obtain a more comprehensive view of the organization in order to correct more accurately and timely, significant deviations that occur during the strategic process toward achieving the vision to reveal the coordinates of the current position we occupy among the other competitors and the course has to take to win a privileged place within the market as soon imagined. Read the rest of this entry »
This work contains a concrete, practical and integrated algorithmic sequence of methodological steps that provide the manager, the best way to access the answer of the question that gives title to this work and thereby create the Balanced Scorecard (BSC) best suited to your company, entering into contact with a powerful and attractive tool developed at Harvard University for distinguished professors Robert Kaplan and David Norton in 1992 that allows, from the very beginning, knowing yourself as a company offer a whole dimension of the organization, determine the coordinates of the current position it occupies among the other competitors and the direction to take to achieve the desired state.
Each step works as a teacher who guides us and directs the aspects that should be reviewed, and how focused and driven, accompanying the person concerned to its positioning in the mind of the customer and as a result, gain a privileged place in the market. Read the rest of this entry »