英语论文网

is used to improve the PMS if the Organisation chooses to adopt and implement it. Henri .JF (2006) poses a question that top managers should ask themselves; ‘How can we improve our system?’ .However, the author suggested that the improvement of the PMS is a continuous process that involves changing measures to reflect the new ideas and insights brought to the Organisation through creativity and other development activities.

BSC can be successfully implemented in any organisation where the management is committed and devote time to formulate strategy and ready to accept changes. BSC has been implemented many organisations including services business , military units, schools, government institutions and also for profit organisations ( Wikipedia). An important point to note here is that an organisation should design its own BSC as management is knowledgeable of its responsibilities & organisations operations rather than adapting another Organisation’s BSC.

David P. Tarantino (2003) complements the work of Kaplan and Norton. He defined BSC, “as a performance management tool that is used to provide an integrate perspective of an organisation.”He also pointed out the four perspectives of the BSc as, external (how customers views the Organisation; Internal (Look at where the organisation must succeed and improve); Growth & learning (examine how organisation grows and learns) and Financial (study financial performance of the organisation).These perspectives depend and influence one another. Tarantino (2003) said, “To concentrate on only one, such as financial performance fails to recognise the contribution and balance of the other three perspectives.” Of interest from the author is the explanation on how to develop the BSC. The first step he suggested is for the organisation to decide which goals are to be measured that should be included in the four perspectives. Then the organisation should figure out the measures for each of the four BSC perspectives and determine the weight of each for ultimate evaluation of overall performance.

Harvard Management-Update (2000), “No need to wait for a companywide initiative-the key principles of this strategic-management system can be put to work in your unit right away.”The author of the article tries to convince management to apply BSC reporting system. He is of the views that even if companies take years and spend millions to implement the scorecard across their operations the effects can be dramatic when the system takes root. He said that managers today don’t have to wait for a scorecard- inspired corporate transformation before learning- and implementing some of the methods centred ideas. He explained the four lessons from BSC that can be applied right away in virtually any business unit or department.

Watch a variety of metrics

Connect your metrics to strategy

Develop a strategic budget

Get everyone involved in tracking metrics

The author still insists that BSC is a method that helps managers to develop a well –rounded strategy and then get everyone in the company involved in implementing it.

Mohan Nair 2004, arguing in favour of BSC, the changes in the character of business assets has exaggerated the 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。