Balanced Scorecard Higher
Education
The use of the Balanced Scorecard Higher
Education can serve as a tool for avoiding “standing still” and as a
catalyst for moving their agenda forward and linking today’s actions
with tomorrow’s goals. In today’s environment very few of us are
moving slowly and they are certainly not standing still. Yet, we
think you would agree that their institutions have not always moved
at lightning speed, and while they continue to make progress, they
must continue to find strategies for rapidly deploying their
resources in new and innovative ways to address society’s
educational needs. Let’s put some more light on Balanced Scorecard
Higher Education, how it is used and up to which
extent.
In that
institution you can learn about:
·
Describe the concept of a Balanced Scorecard
(BSC)
·
Explain how a BSC is used
·
Recognize what a BSC looks like
·
Identify the necessary steps to implement a
BSC
·
Clarify the required resources for developing
the BSC
Measurement of
progress is important in every endeavor that is undertaken, either
on a personal basis or in a commercial set-up and Balanced Scorecard
Higher Education is no exception here. It gives a clear picture of
the standing that the endeavor has and provides the basis for
chalking out future strategy. The Balanced Scorecard (BS) is a
framework for assessing the performance of an organization. It
provides the basis for charting out future strategy. There are many
technical papers exploring the application of the Balanced Scorecard
approach for measuring the performance of Balanced Scorecard Higher
Education institutions.
The Balanced
Scorecard Higher Education has been used in numerous ways to help
link and align shared service units with business units and with the
corporate strategy. In an ideal world, there would exist a top-down
strategic architecture that defines the corporate role and how
shared service units contribute to the corporate strategy. Often,
however, such a strategic architecture will not exist. In the
absence of an overall corporate scorecard program, shared service
units will use the Balanced Scorecard in a somewhat different
manner.
For Balanced Scorecard Higher Education, in
University of
California, San Diego:
Balanced Scorecards for SSUs are also occurring in higher education.
The business support division of the University of
California at
San Diego (UCSD) won a 1999 Rochester Institute of Technology/USA
Today Quality Cup for Education for its application of the Balanced
Scorecard. Under the leadership of Vice Chancellor Steven Relyea,
each of the 27 support units built Balanced Scorecards reflecting
customer service and efficiency objectives. Each business unit set
targets for improvement and established an action plan aimed at
attaining the targets.
For Balanced Scorecard Higher Education, the
Balanced Scorecard Institute, with offices in the Washington DC
area and Raleigh, NC, provides a central source of
balanced scorecard information applicable to government, nonprofit
and commercial organizations. The Institute is focused on the needs
of managers involved in deploying strategic plans and improving
their organization's strategic performance. This site serves as a
means for sharing the ideas and experiences of managers and
consultants working with balanced scorecard methods in all types of
organizations.
