Module 6 Improving Organizational Performance Flashcards
Performance measure for one specific goal
KPI – Key performance indicator
Multiple KPIs are displayed for the big picture
KPI dashboard (more than on is needed)
What does a balanced scorecard measure?
CLIF – (customer, learning, internal process, financial performance) Are we meeting the strategy?
Advantage or Disadvantage of balanced score card? Requires time and effort to establish a meaningful scorecard
Disadvantage
Advantage or Disadvantage of balanced score card? Improves Internal and External Communication
Advantage
Balanced Scorecard: Difficult to maintain momentum
Disadvantage
Balanced Scorecard: Improves organizational alignment
Advantage
Balanced Scorecard: Links strategy to organizational
results
Advantage
KPI: Data driven results make it easier to quantify performance
Advantage
KPI: Difficult to change once set up
Disadvantage