7+1. Experience in management and in the field of action
Posted: Wed Dec 11, 2024 6:01 am
Project Managers who know the project from the inside have an advantage over those who don't. What often makes the difference in a Project Manager is how deeply they know the ins and outs of the project, how they adapt to setbacks or how they answer those difficult questions that always arise... Because in this case, experience also counts.
Measuring and managing a company based solely on a few financial indicators gives you a very limited view of the reality of your company. This is what two American consultants concluded when they proposed the balanced scorecard. But what is it? In this article we are going to investigate this concept and its importance.
The balanced scorecard emerges as a deeper control and administration system than the laos telegram mobile phone number list typical financial analysis . And it is that in a market like the current one, managing a company taking into account only the current income and expenses, is to stay with a partial and short-term vision of the reality and potential of a business. And it is that, currently and remembering our
article on the value chain
intangible assets such as talent acquisition and motivation, the use of technology or customer knowledge are increasingly important when it comes to defining the competitive advantage your company has.
Understanding the Balanced Scorecard
In this way and like the value chain, the Balanced Scorecard is a management and control system that is based on relating different company objectives and measuring them through the
indicators or KPI
that the company has. These objectives are always linked to action plans that allow the company to measure and align its efforts in order to achieve the competitive advantage it seeks.
The main objective of a balanced scorecard is to involve all employees in achieving the objectives and to make them see the relationships that exist between their personal, departmental and company objectives in general. Therefore, the balanced scorecard is a methodology that is based on the principle of transparency and horizontality within the company.
Measuring and managing a company based solely on a few financial indicators gives you a very limited view of the reality of your company. This is what two American consultants concluded when they proposed the balanced scorecard. But what is it? In this article we are going to investigate this concept and its importance.
The balanced scorecard emerges as a deeper control and administration system than the laos telegram mobile phone number list typical financial analysis . And it is that in a market like the current one, managing a company taking into account only the current income and expenses, is to stay with a partial and short-term vision of the reality and potential of a business. And it is that, currently and remembering our
article on the value chain
intangible assets such as talent acquisition and motivation, the use of technology or customer knowledge are increasingly important when it comes to defining the competitive advantage your company has.
Understanding the Balanced Scorecard
In this way and like the value chain, the Balanced Scorecard is a management and control system that is based on relating different company objectives and measuring them through the
indicators or KPI
that the company has. These objectives are always linked to action plans that allow the company to measure and align its efforts in order to achieve the competitive advantage it seeks.
The main objective of a balanced scorecard is to involve all employees in achieving the objectives and to make them see the relationships that exist between their personal, departmental and company objectives in general. Therefore, the balanced scorecard is a methodology that is based on the principle of transparency and horizontality within the company.