Skip to Main Content
Key Performance Indicators: Developing, Implementing, and Using Winning KPIs, 3rd Edition
book

Key Performance Indicators: Developing, Implementing, and Using Winning KPIs, 3rd Edition

by David Parmenter
April 2015
Intermediate to advanced content levelIntermediate to advanced
448 pages
8h 47m
English
Wiley
Audiobook available
Content preview from Key Performance Indicators: Developing, Implementing, and Using Winning KPIs, 3rd Edition

Chapter 18Comparison to Other Methodologies

There are a number of methodologies which I should address. I am a firm believer that the in-house project team, having researched these methodologies, will follow the one that is best for them. At times it will be necessary to cut an exercise from one methodology and use it with an exercise from another methodology. That is both understandable and desirable.

Main Differences Between the Balanced-Scorecard and Winning-KPIs Methodologies

Right from the start, organizations around the world were quick to see the benefits of a balanced-scorecard approach, and many organizations initiated projects. The groundbreaking work of Kaplan and Norton1 brought to management's attention the fact that strategy had to be balanced, needed to be implemented, and performance should be measured using a more holistic approach.

Unfortunately, many balanced-scorecard initiatives have failed. So how do you adapt and apply a balanced-scorecard approach and get it right the first time? We need to place sturdier support underneath the balanced-scorecard platform, as set out in Exhibit 18.1.

c18ex001

Exhibit 18.1 Four Supports to Assist the Balanced Scorecard

These four supports have been discussed ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Key Performance Indicators For Dummies

Key Performance Indicators For Dummies

Bernard Marr

Publisher Resources

ISBN: 9781119019831Purchase book