Implementing Balanced Scorecards in Xxxxx Council
Essay title: Implementing Balanced Scorecards in Xxxxx Council
Implementing Balanced Scorecards in XXXXX Council
OUBS forms the basis of research and citation
Implementing Balanced Scorecards in XXXXX Council
Word Count: 3151
Contents Page
Question 1
1.0 Executive Summary……………………………………………….3
2.0 The Balanced Scorecard …………………………………………4
3.0 Implementing a BSC in XXXXX Council…………………….5
3.1 The Councils Strategy……………………………………..5
3.2 The Existing Performance Management System……….7
3.3 Key Stakeholders…………………………………………..8
3.3.1 External Stakeholders……………………………8
3.3.2 Internal Stakeholders……………………………9
3.4 Designing the Scorecard…………………………………10
3.5 What to Measure…………………………………………..11
3.6 Implementation Considerations………………………….13
3.7 Supporting Processes…………………………………….15
4.0 Summary……………………………………………………………15
5.0 References…………………………………………………………16
1.0 Executive Summary
This report examines how the Balanced Scorecard could be implemented in XXXXX Council, and what the benefits and problems of implementing it would be. The report also outlines what complimentary processes could be implemented to support the Balanced Scorecard. Explicit use is made of the lessons learnt from the Implementation of the Balanced Scorecard at Halifax PLC.
Recommendations
The Balanced Scorecard has the potential to provide numerous benefits to XXXXX Council although the Implementation of the Balanced Scorecard would be complex and would face several difficulties.
The Council should pilot the BSC in one service area and then assess its suitability to roll out to the rest of the Council. If the BSC is implemented it should be reviewed on a regular basis to ensure it remains fit for purpose.
The Balanced Scorecard
The Balanced Scorecard (BSC) was developed by Kaplan and Norton as a performance management tool and was intended to assist organizations look beyond financially weighted Performance Management Systems. Their underlying premise was �what you measure is what you get’. (Fenton–O’Creevy, 2003, pp 14-7).
The intention of the BSC was to include other indicators that contribute towards strategic success into the organizations performance management system. Kaplan and Norton saw the over reliance of financial indicators as too simplistic a view of organization performance.
By including financial and non-financial indicators, organizations