Archives for July 24th, 2002

PERFORMANCE DRIVERS: A PRACTICAL GUIDE TO USING THE BALANCED SCORECARD

Book News, PublicNet: 24 July, 2002

By Nils Goran Olve, Jan Roy and Magnus WetterThe concept of the Balanced Scorecard, first introduced by Kaplan and Norton in a Harvard Business Review article in 1992, enables managers and company leaders to implement a successful performance measurement plan which incorporates both financial and operational concerns. It gives managers a fast, comprehensive view of the business, allowing them to focus on critical areas and drive the organization’s strategy forward. Today, numerous large consultancies and their large, multinational clients are using the Balanced Scorecard as a method of performance measurement and a performance driver. This guide shows managers how to apply the Balanced Scorecard, enabling them to view several areas of performance simultaneously–a requirement in today’s complex organizations.

Read more on PERFORMANCE DRIVERS: A PRACTICAL GUIDE TO USING THE BALANCED SCORECARD…



BOOST FOR SOCIAL ENTERPRISE BUSINESS

Headlines, PublicNet: 24 July, 2002

Businesses that are driven by social rather than economic goals and use profits to further social purpose rather than maximise value for shareholders, will benefit from “Social Enterprise: a strategy for success”, launched by Trade Secretary, Patricia Hewitt.The strategy includes devising an accreditation scheme for social enterprises in a way similar to Investors in People providing accreditation to organizations that meet criteria in relation the their workforce. There will also be increased involvement of social enterprise in public service delivery. A campaign to promote this involvement will include fostering a greater understanding of social enterprises among those responsible for public sector procurement and the production of a toolkit giving jargon free, simple guidelines to bidding for public contracts.

Read more on BOOST FOR SOCIAL ENTERPRISE BUSINESS…

EXECUTIVE AGENCIES FACING SHAKE UP

Headlines, PublicNet: 24 July, 2002

A critical Cabinet Office review has called for a new revolution to take place within central departments to bring their 127 executive agencies into the 21st century. The agencies were split off from parent departments in 1989 to secure a more focused service delivery and they provide functions such as pensions, passports, vehicle licences and prisons.The review team, which was led by Pam Alexander, former Chief Executive of English Heritage, found that the agencies are contributing little to the modernizing agenda. The main weaknesses were the way in which agencies had become detached from their departments and their departments’ aspiration, and their conservative approach to performance management and target setting.

Read more on EXECUTIVE AGENCIES FACING SHAKE UP…

© PublicNet is a KnowShare production | Technology by Jag Singh + Hilton & Hilton Ltd | Admin Log in