Strategic Planning Process Guide, Templates and Tools The strategic planning process is a systematic approach to building a roadmap for growth, profitability, and competitiveness. Strategic planning definition The definition of strategic planning is to create a plan that will guide an organization’s future development, whether it be short-term or long-range. It involves identifying the goals …
Total Quality Management Guides, Resources, Software, SPC Control Charts and more quality tools and templates for quality professionals. Tips and Questions for your new Pilot QC Process Well, you have been developing the new quality control process and looking forward to implement it and see the expected results and improvements – however starting with a …
What is a KPI? A KPI is a key performance indicator, which is a numerical measure of success or progress. They can be used to monitor and track the effectiveness of business processes and programs, or to assess the overall performance of employees. Why Are KPIs so Important in business? KPIs are important because they …
As summer comes to an end managers are getting ready for fall. Most companies push with new initiatives in September. Four months till the end of the year, now it is the time to plan and organize our resources and close any gaps within our annual targets… This week we cover numerous topics and …
5 Steps In Developing Performance Management System That Works (Infographic) Performance Management Performance management is known as an continuing steps involved in communication between supervisors and employees occurring all year round, supporting achieving the strategic goals in the business. It’s continuous process which develops all year long. Performance Management practice is actually a never-ending …
Performance Management System Scorecard KPIs Metrics Templates Infographic Read More »
Performance management tips, best practices, applications, articles and software for planning and managing performance goals, objectives, targets, metrics and KPIs for corporate and small business performance management. How to develop and organize a successful business performance management system? Excel Dashboards and Performance Management How to create powerful excel dashboards and performance measurement system for your …
August has been an interesting month on Mr Dashboard. But don’t worry, there’s much more to come in the coming months. It’s the mid-point of August, which means summer will soon be over. Here’s our weekly round-up. There’s bound to be something you missed- or something you want to read all over again- so …
Inventory Turns Retail Businesses which deal with inventory should understand how fast the products sell and how frequently they should substitute them. Producers and wholesale suppliers keep tabs on the turns and retail businesses must do the exact same. Manufacturing businesses do not need to be trapped having lots of excess inventory at the conclusion …
Inventory Turns, Average Inventory Turnover Ratio, Metrics and Templates Read More »
HR Excel Dashboard Templates All HR managers emphasize that information must be fresh and continuously up-to-date with information feeds, therefore the dashboard remains relevant. In addition, they recommended that dashboard reports and KPI Use this format for a basic overview of the cost of each individual welfare benefit for each employee and the direct and …
Marketing Analysis Tools, Guides, Resources, Marketing Research Templates, Software and Charts for Marketing Professionals The most valuable asset for any company is the marketing system. While many people associate the word system with technology, this has nothing to do with any technology. It is a business system. However, fact is, unlike other systems the marketing …
Marketing Management, Research and Analysis Tips, Articles and Templates Read More »
Since summer season is ending this week managers are looking forward to the last four months of the year. A lot of businesses rely on these four months to keep up and achieve their annual targets. It is time for you to step back and do some gap analysis and identify strategies to close …
Financial ratios, metrics, KPIs, financial statements analysis, financial reporting, planning, performance, financial dashboard development and more financial resources: Traditional Costing vs. Activity Based Costing Traditional costing treats overhead using the amount of a certain cost driver, like the volume of work hours required to manufacture a product. Cost driver is actually a point that triggers …
Creating Trust With Employees When Cutting Costs in Your Business Cutting Business Costs: Organizational restructuring projects may have a devastating impact on the actual minds and hearts for workers, impacting people who remain along with individuals who are fired. Within our efforts with lots of businesses applying significant cost cutting strategies, we’ve noticed directly the …
Cutting Business Costs And Creating Trust At The Same Time Read More »
Balanced Scorecard When strategic planning becomes mundane, taken for granted, and not regularly reviewed, it is time to implement some changes so the plan can be fresh and be useful. Utilizing what is known as a “balanced scorecard” is a strategic planning and management system widely used in business, industry, government, and nonprofit …
Balanced Scorecard | Balanced Scorecard Software and Templates Read More »
Download Strategy Map and Balanced Scorecard Templates Build a good conversation base and implement the strategy of the organization. Learn exactly how to make a one-page technique map by following step-by-step guides and ultimate examples. A traditional geographic map represents abstraction of the world around us. Instead of working with trees, rivers and roads on …
Non-Financial Performance Measures Understand how the organization’s financial success is set without having financials – non-financial performance measures really worth keeping track of. Most of us have looked at a business balance sheet as well as been a part of a yearly evaluation that provides revisions about the organization’s monetary well being. However, not as …
Manufacturing Scorecard KPIs Management Reporting Templates Manufacturing scorecard best practices These days, companies evaluate the results based upon various key performance indicators or KPIs. The manufacturing scorecard can be an enterprise application for your analysis and communication connected with strategic goals and the KPIs. Your Manufacturing Scorecard should use a well defined manufacturing metrics …
Manufacturing Metrics Scorecards KPI Management Dashboard Reporting in Excel Read More »
Balanced scorecard metrics and templates to improve business performance In exactly the same way which you cannot travel an airplane with only 1 instrument gauge, you cannot run a organization with only 1 type of overall performance calculate. Imagine a well balanced scorecard because the instrument panel within the cab of the airplane. Its some …
Compared to other performance management approaches the balanced scorecard provides more than financial KPIs and measures, but it incorporates four strategic categories of performance indicators into one strategic system. The four categories include: financial, customer, process and learning & growth perspectives. Even though the approach provides an integrated business strategy and measurement system including the …
Internal Business Process KPIs Tracking in BSC Template Managing the cash is fundamental for any successful business. Understanding exactly where you receive your hard earned money coming from — just how much you generate — and in which you intend to invest it, is important. The issue with lots of companies is they focus excessive …
Track Business Process Metrics with Balanced Scorecard Templates Read More »
Balanced Scorecard Reporting KPIs Management The revolutionary work of Kaplan and Norton delivered to management’s particular attention that overall performance required to be assessed in more strategic way. They created 4 viewpoints or perspectives for the organization. The new focus on strategy mapping refers to the significance of employee fulfillment and also the …
KPIs and Balanced Scorecard Reporting for Management Read More »
Balanced Scorecard To better comprehend exactly what a balanced scorecard is, perhaps you need to first learn where this originated from and why. Though monetary measures are essential, they could just report what has occurred previously — exactly where your company continues to be — plus they are unable to report exactly where it really …
Understanding Balanced Scorecards [BSC Templates] Read More »
Supplier Performance Scorecard Template Excel If you are operating in supply chain management or you are a supply chain manager. Using a supplier performance scorecard can make your job a lot easier. It will help you to keep track of your vendors and suppliers. You are going to also measure the different performances of your …
How to Create a Scorecard in Excel for Management Reporting How to create a scorecard in Excel: Creating a scorecard in excel is a very simple task. For those of you who don’t know what excel is well it’s a software developed by Microsoft. It’s mainly based around spreadsheets but it will allow you to …
Management Consulting KPIs Tracking and Monitoring System When you monitor and establish KPIs for a management consulting firm, you’ll identify exactly what activities boost performance. KPIs deliver immediate feedback regarding how good your enterprise is actually advancing in the direction of the goal you’ve set. When you see reasonable advancement in KPIs following completing a …
