Measurement or fact-based management has been incorporated into many
management fads like TQM and Six Sigma. Though it goes by many names,
the basic concept of all of these strategies is consistent: organizations
need to integrate each of their major business functions into one set of
fact-based reports and measures that relate to all of the major
organizational goals. With these tools, organizations can get a clear
picture of what is working and what needs to be done to improve the factors
that ultimately affect their bottom.
Our consultants work within the Balanced Scorecard methodology. The
Scorecard is designed to give your executive team specific measures that
are related to each major organizational goal. The goals are often difficult
to quantify initially, but once your organization has determined an effective
measure, you are able to monitor both the results of your prior actions,
your financial indicator, and also the current trends that will be affecting
financial indicators in the future.
We believe that combining fact-based measures and data analysis with
attempts to quantify major organizational goals leads to an increased
understanding of the factors that drive both an organization's financial
success and its success in crafting a positive corporate image and other
important additional factors.
Simplifying the reporting and measurement process allows the executive
team to make decisions with confidence and provides a "dashboard" style
report of overall corporate success.
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