Metrics, Scorecard, KPIs » guide http://www.measurebusiness.com Various tools to measure, control and improve business performance Sat, 21 Aug 2010 10:22:52 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 10 steps self-education plan for Balanced Scorecard http://www.measurebusiness.com/10-steps-self-education-plan-for-balanced-scorecard.htm http://www.measurebusiness.com/10-steps-self-education-plan-for-balanced-scorecard.htm#comments Sun, 04 Jul 2010 13:43:47 +0000 admin http://www.measurebusiness.com/?p=396 Measuring and controlling of any business is possible with Balanced Scorecard concept, but it is just concept without guides, step-by-step manuals, trainings you will not even understand how to link the concept to your business.

There are two options:

  • Take expensive or inexpensive Balanced Scorecard training;
  • Invest some time in self-education;

We think that you should choose both! As for self-education there is a great library of Balanced Scorecard articles that is now available online.

So, what can you find there and what is the best way to start your self-education about Balanced Scorecard:

  1. Need some inspiration to get started? Check Balanced Scorecard success stories and BSC examples.
  2. Need guide? Check guides section.
  3. You need to create the best KPIs? Check BSC and KPI section.
  4. Need some real-life examples – learn about BSC for Sales and BSC for Finance.
  5. If you already have some questions about Balanced Scorecard then start with FAQ section.
  6. Setting up company goals? Consider using SWOT analysis, also learn more about strategy maps – you will need them!
  7. You have one scorecard and now want implement it company wide? Learn more about cascading and testing scorecard!
  8. Have everything on paper and now you are looking for some automation means? Check articles about Balanced Scorecard software or BSC in Excel.
  9. Ready to present your Balanced Scorecard ideas? Check these articles for ideas for templates, and BSC presentation.
  10. Building your Balanced Scorecard dashboard? Check related articles.
]]> http://www.measurebusiness.com/10-steps-self-education-plan-for-balanced-scorecard.htm/feed 0 Training KPI – with todolists and step-by-step guides http://www.measurebusiness.com/training-kpi-what-is-new.htm http://www.measurebusiness.com/training-kpi-what-is-new.htm#comments Fri, 28 Aug 2009 12:05:25 +0000 admin http://www.measurebusiness.com/training-kpi-what-is-new.htm Every company would love to do better than their competition. It is for such a reason that most companies undertake significant training for their employees. It is through such training that the management of the company is able to enhance the ‘skill sets’ of their workforce. An enhanced skill set would translate into increased productivity of the workforce. It is for such a reason that companies invest heavily in training. All such training sessions help to keep the employees knowledgeable about the various fashions and traits that are being used in the respective industry segment. As a result of all such training, the company or organization is able to prosper and earn better revenues mainly because of the augmented competitive desire of the working employees. This leads to greater talent pouring out from the organization.

Although the training is mainly implemented so as to increase the skill set of the employees, many-a-times, such training falls short of the expectations of the management. In order for the training to be very useful, the trainer needs to have a complete and detailed understanding between the current trained level of the employees and what exactly is required by the industry. The exhibition of such a vital task in a step by step program is what is needed as all revelations and desired modules can be incorporated in the training program. This is where a KPI training system is very effective.

Measure of Performance

Key performance indicator (KPI) is a measure performance indicator that is used by an organization to determine its success in terms of operational goals. The training KPI pack is a benchmark that is used to compare against various other industry standards such as the data that is published by the DTI and Construction Excellence.

Features of the Training KPI Pack

The training KPI pack involves a wide variety of features including:

Balanced Scorecard: The balanced scorecard (BSC) is a special tool that is used to place all the required relevant indications of performance at one location so that they can at a later date be easily referenced.  By making us of the BSC, the user is able to maximize his customizations from the list of offered attributes. Such a scorecard is very vital as it provide the optimum training scenario to the organization. All the values in the BSC are indicators that help in keeping the organization in line with its objectives and goals.

Export the balanced scorecard

One of the greatest options of thee BSC is that the results can be exported to Excel. This allows for the performing of various calculations in a small timeframe due to the various options that Excel provides. Since Excel is compatible with a wide variety of other applications, further translocation of information is made possible. In other words, this avoids the need of having to manually transfer all information to another location.

What is Available in the Training KPI Pack

1.       Key Performance indictors to estimate training process
2.       Choosing correct set of indicators
3.       Handling technical aspects of BSC
4.       Exporting Balanced Scorecard into Excel
5.       Connect actions and initiatives with strategy

Conclusion review:

The various hidden dynamics of the training KPI pack also allow for incorporation of any improvement in the system. The training KPI system helps in effectively bridging the gap between the industrial requirements and the current skills of the employees of the company.

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