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Balanced Scorecard. the Challenge of Measurement in Human Resource Management

Seminar paper from the year 2011 in the subject Business economics - Personnel and Organisation, grade: 2.0, University of applied sciences, Munich, course: MBA, language: English, abstract: As people are the most important and valuable assets a company has, the human resource management (HRM) has a strategic role to play. However, not always this importance of HRM is seen and human resources (HR) as an organization have in some companies a minor standing. In order to measure the contribution of HRM to the corporate results a measurement system has to be established. This measurement system, the balanced scorecard (BSC), breaks down the corporate strategy to each level of a company and describes measures accordingly which finally makes the HRM role measureable. This assignment provides some background information about the balanced scorecard approach in general and for human resource management in particular. The information covers the different perspectives of a BSC as well as some possible measures. Further on, the performance measurement in HRM is described dealing with an explanation why it is not straight forward and were difficulties are. The chapter deals also with the benefits and how to measure them. As a summary the ad-vantages and limitations in using a balanced scorecard in the HRM are given. The work is closing with the ITM checklist providing a holistic overview of using the BSC approach inside a company and in HRM.

As a summary the ad-vantages and limitations in using a balanced scorecard in the HRM are given. The work is closing with the ITM checklist providing a holistic overview of using the BSC approach inside a company and in HRM.

The Application of the Balanced Scorecard to Measure the Effectiveness of Alliance Merchant Bank Berhad's Branding and Corporate Strategy

Essentials and Creating of Balanced Scorecard for Strategic Management by SWOT and Strategic Map

-Basic Theory and Case Study of SWOT Analysis and Strategic Map Innovation

This manual is the book to master a way of mastering the balanced scorecard to be being bathed in the footlights as the global competitive advantage management skill of the business reform which aims at doing best with the whole by tactically. You can learn how to design the SWOT and Strategic Map by many case study. In addition you can get the point of project management of Balanced Scorecard. With the this manual, the business person not to know whether or not it is how one with the balanced scorecard at all understands the basic mechanism of the balanced scorecard and the ability up can be attempted in the level to master by its power. Here, let's introduce contents in each chapter. "In Chapter 1, you will know the mechanism of the balanced scorecard well." It takes up about the basic mechanism and the 4 corner viewpoint of the balanced scorecard which is indispensable to reform business. "In Chapter 2, you will know SWOT analysis!" It introduces the basic structure of the SWOT analysis which is the indispensable tool to master the balanced scorecard and practicing how to use. "In Chapter 3, you will master strategy mapping!" It clarifies the basic mechanism of the strategy mapping to use by the balanced scorecard and can put the approach which masters a balance scorecard tactically to the body. "In Chapter 4, you will master IT management and the relevance to the balanced scorecard." It introduces the ability to utilize IT and the managing sense which is indispensable to reform business from the viewpoint of IT management. By above composition, as the tactical tool of the business reform, the body has a way of mastering the balanced scorecard. It expects that it is read and that it plays an active part in the field of the practice of the business in the this manual.

This manual is the book to master a way of mastering the balanced scorecard to be being bathed in the footlights as the global competitive advantage management skill of the business reform which aims at doing best with the whole by ...

Balanced Scorecard

Measures That Drive Performance

"The Balanced Scorecard" is a revolutionary framework which translates a company's vision and strategy into a coherent set of performance measures. In addition, it is a tool to channel the energies, abilities, and specific knowledge held by employees toward achieving long-term goals. "A landmark achievement".--Michael Hammer, author of "Reengineering the Corporation".

Here is the book - by the recognized architects of the Balanced Scorecard - that shows how managers can use this revolutionary tool to mobilize their people to fulfill the company's mission.

Panduan Pengelolaan Kinerja Berbasis Balanced Scorecard Di Lingkungan Kementerian Keuangan

Study of the measurement system based on the balanced scorecard work performance in Indonesian Ministry of Finance.

Study of the measurement system based on the balanced scorecard work performance in Indonesian Ministry of Finance.

Coors Balanced Scorecard

A Decade of Experience

After Coors reengineered its supply chain, it decided to track this project's progress by implementing a company-wide balanced scorecard (BSC), starting in 1998 and continuing to the present. The case's major decision problem is how to develop a BSC for Coors. To start the BSC process, students first assess whether there are any gaps between Coors' vision statement and its key business strategies. The students then answer the employees' frequently asked questions (FAQ's) about Coors' BSC project and construct a BSC that includes benchmarking targets and reporting frequencies for key performance measures. Finally, the students are asked to identify the FAQ's and key performance measures that were critical to Coors' successful implementation and application of its BSC over the last decade. Lessons learned are also discussed.

After Coors reengineered its supply chain, it decided to track this project's progress by implementing a company-wide balanced scorecard (BSC), starting in 1998 and continuing to the present.

Using Strategy Maps and the Balanced Scorecard Effectively

The Case of Manpower Australia