Balanced scorecard (BSC) successfully used as communication tool to share corporate goals
The Principal Financial Group, a global provider of financial products and services, put its BSC over a client/server network to senior executives and employees. The system compiles information e.g. last month's strategic objectives, last quarter's earnings, and written comments, in one format. Results: 1) Management now measures overall performance rather than focusing exclusively on short-term,…
BPIR Categories
14.1.1 Design & deploy performance measurement system
14.1.4 Gather and integrate performance data.
14.1.6 Communicate and use analysis findings
9.5.4 Develop & manage base & variable compensation