Define your Strategic Destination

Strategy is the way your organization will seek to achieve its vision and mission. As a set of objectives or goals, strategy involves people, resources, and processes.

The Strategic Destination describes what your organization will look like after a defined space of time.

Identifying your organization Strengths, Weaknesses, Opportunities and Threats through the SWOT analysis will help you determine Strategic Themes which ultimetly path the way to defining your Strategic Objectives.

Prime BSC™ captures details of the SWOT analysis and groups Strategic Objectives in Themes.

Develop your Corporate Objectives

Objectives are formulated in a statement detailing what the strategy must achieve and what is critical to its success.

Based on Strategic Themes, Corporate Objectives are created and aligned on four perspectives, namely, Learning & Growth, Internal, Customer and Financial. Objectives under these different perspectives follow a natural Cause to Effect logic. This aspect is the main differentiator between the BSC and the other approaches to organizational performance measurement.

Using Prime BSC™ you can effortlessly generate the corporate Strategy Map – a powerful management visualization tool depicting the Cause and Effect relationship between all objectives under the various perspectives. Strategy maps can be generated for any cascaded level of an organization.

Identify & Define Key Performance Indicators (Measures) for all your Objectives

Measures define how success in achieving the Strategy will be measured and tracked.

A t this stage, knowing the Baseline of each measure, you define its Target and Alarm. Targets are results to be achieved, and Alarms are an edge against poor performance. Using these indicators, the company performance will be rated on a scale of three scores – 1 for Poor Performance (significantly below targets), 2 for Good Performance (on track or within limits), and 3 for Excellent Performance (above targets).

Prime BSC™ uses dashboards, charts and color-oriented reports to represent the three scores. The Red color is used for a score of 1, the Amber color for 2, and the Green color for 3.

Identify, Define and Implement Projects (Initiatives) based on Strategic Objectives

Initiatives are key action programs required to achieve the company objectives. Many Initiatives can be identified for a single objective.

Prime BSC™ has a fully-fledged project management tool to help you quickly and efficiently identify, define and track Initiatives based on strategic objectives. The Prime BSC software depicts the following information with regards to initiatives:

Complexity – Impact – Priority – Implementation Phases – Implementation Plan – Cost – Resources (RASIC for Responsibility, Accountability, Support, Informed, and Consulted).

Cascade Objectives to the various Organizational Entities

Strategic Objectives can be cascaded from and to different company levels. These entities can inherit corporate Shared Objectives and define their own Contributory Objectives or Hybrid Objectives.

Shared Objectives are cascaded corporate objectives used at cascaded level without any change in their definition. Contributory Objectives emanate from cascaded objectives and are a variation of the same. Hybrid Objectives are completely new objectives created at cascaded levels.

Cascading consistency is key to Prime BSC. Six entity levels are managed within the application, namely, – Corporate – Strategic Business Units (SBU) – Shared Service Units (SSU) – Departments – Strategic Teams – and Individuals (job positions). Corporate is the highest level and Individual is the lowest. Cascading can occur from any level to any lowest one. Objectives at an Individual level can be cascaded to other individual levels. All levels below the corporate one can create their own contributory and hybrid objectives.

Objectives Working Scorecards, or key activities, are captured on a daily basis to track the progress of goals achievement.

Management in conjunction with staff members having objectives under their responsibility can decide and work on Career Development Plans (CDPs). CDPs are approved by the Human Resource Department before being used. CDPs will hold details on Areas to be Focused on, Training Requirements, Exposure required, and Individual Future Plans.

Capture, Evaluate and Publish Corporate and Scorecard Results

The BSC Evaluation step comes after the Execution phase. The company Leadership team focuses on corporate results and the Management, HR Department and the rest of the staff members focus on the scorecard results.

Prime BSC™ produces several reports to help quick and efficient decision making.

Remunerate Staff Members

Corporate and scorecard performance results lead to staff members’ remuneration in terms of salary increment and periodic and/or annual bonus.

A Powerful Tool for You

Prime BSC™ is indeed your one stop shop for turning your company into a strategy-focused organization in an easy, efficient and effective manner.

Protect your Employee Privacy

Security of access to information is a key consideration. This is why Prime BSC™ ensures that information is strictly protected from unwanted access through the logical grouping of employees according to what information they need to access through a systematic grouping by Domains.

Prime BSC™ protects your employees’ privacy at different levels. Access to resources is password controlled. The user profile determines the level of access to sensitive information.