Alasdair Macnab, FCMA, CGMA, director of corporate services for the Royal Botanic Garden Edinburgh, has adapted the Balanced Scorecard to create a new way of measuring the HR and financial costs of meeting strategic objectives. In this article he shares how his innovative approach, coupled with the Executive Strategy Manager, enable strategic objective budgeting. The system he has built offers insight into the input costs for each objective on the scorecard which can then be juxtaposed with the achievement of the objectives, realized through the associated measure performance.
Read the article at: http://www.cgma.org/Magazine/Features/Pages/Strategic-Objective-Costing.aspx
Operational Reporting,
ESM Tips and Tricks,
Reporting,
Sustainability,
Client Success,
ESM General Information,
Business Leadership,
Decision Making,
Innovation,
Balanced Scorecard,
BSC Hall of Fame,
Strategy Maps,
ESM Features,
Competitive Advantage
|
Posted
2/8/12
@ 2:51 PM
by ESM Team ESM Team