Overview:
This video discusses the HR Balanced Scorecard, a strategy implementation tool that helps organizations manage their strategy and performance. The speaker, Joel Omeike!, the HRGodfather and the CEO of P4PE Institute, explains that the Balanced Scorecard is a methodology management uses to bridge the gap between strategy objectives and operations. It balances financial and non-financial measures, short-term and long-term goals, and performance drivers and outcome drivers. The scorecard has four perspectives: financial, customer, internal process, and learning and growth.
Key Takeaways:
- The Balanced Scorecard is a strategy implementation tool that helps organizations manage their strategy and performance.
- It balances financial and non-financial measures, providing a more comprehensive view of the organization’s performance.
- It balances short-term and long-term goals, ensuring that the organization is focused on both immediate and future objectives.
- The scorecard has four perspectives: financial, customer, internal process, and learning and growth, which are all interconnected and essential for achieving the organization’s vision.
- The Balanced Scorecard helps organizations achieve strategic focus and alignment, leading to better results and performance.
Learn more about our Balance Scorecard Practice or Book a free Executive Briefing on the balanced scorecard for your senior leadership team. Contact us to learn more
