The Strategic and Enterprise Scorecard (SES) is a Strategic management tool wherein operational activities of a company are aligned with its larger-scale objectives in terms of vision and strategy.
It is a strategic management system that translates an organization's mission and strategy into a set of integrated performance and result measures. The SES is built around the Excellence model adopted by the organisation and provides weightages for Key Value Creation and support processes that impact the success of the organisation.
A host of strategies would be considered based on past and based on emerging trends and opportunities in the market before finalizing the best strategies suitable to the organization. Responsibilities and action plans with measure and target are finalized to carry out these strategies.
Meaningful correlation between the performance drivers and results (deliverables) are established and is drilled down across functions and levels.
When top-level and department scorecards are clearly communicated throughout the organization, individuals in every department can align their day-to-day activities with the strategy and help the organization achieve its strategic goals.
An Enterprise scorecard translates an organization's overall mission and strategy into specific, measurable operational and performance metrics across multiple perspectives based on stake holders requirements. Weightages based on focus areas ensure clarity of effort and result expectations. |