Application Of Bsc
- 1. Application of Balanced Scorecard In Process Industry: A Case Study of Agro Base Company in Developing Country Presented By: Umar Farooq
- 2. Why Balanced Scorecard95% of typical workforcedoesnotunderstanditsorganizations’ strategy
- 3. 90% of organizations fail to execute their strategies successfully
- 4. 70% of organizations do not link middle management incentives to strategy
- 5. 85% of Mgt teams Spends less than 1 hr per month On strategy issues
- 6. 60% Of Org Don’t link Strategy & budgets
- 7. 92% of orgs Do not report On lead indicatorsBalanced ScorecardA balance scorecard translates an organization’s mission and strategy into set of performance measures that provide the framework for implementing its strategy
- 8. Monsanto Introduction: Monsanto is US (St. Louise Missouri) base multinational agriculture organization.
- 9. Established in 1901 Start with Agro chemical business.
- 10. Monsanto came to Pakistan on October 01, 1998
- 11. Strong core business in Pakistan based on DEKALB and Asgrow Corn seed brands
- 12. First agriculture company in Pakistan to invest in all essential components of seed business
- 13. Certified OHSAS 18001, ISO 14001, ISO 9001Mission Statement of Monsanto:“ We apply innovation and technology to help farmers around the world produce more while conserving more. We help farmers grow yield sustainably so they can be successful, produce healthier foods, better animal feeds and more fiber, while also reducing agriculture's impact on our environment “
- 14. Monsanto Stewardship: Financial stewardship to ensure that financial standards are met;
- 15. Environmental, safety and health stewardship to protect the safety of our people, communities and the environment;
- 16. And societal engagement to consider whether we are doing the right things and doing them rightNew Vision for AgricultureA new vision for agriculture built upon three pillars. These pillars are advanced breeding, biotechnology, and improved agronomic practices. When all three components are fully integrated we can provide the best tools and technology to farmers so that they can meet the goals of feeding, clothing, and fueling the world
- 17. Product of Monsanto:Hybrid Corn Seed Spring & Autumn Variety:Corn 919, Corn 5219, Corn Opener Corn 6142, Corn 6525BT Cotton: Chemistry:Roundup: Herbicides Vegetable Seeds:Tomato, Cucumber, Green Chili, Cabbage, Watermelon and many other
- 18. Process Detail of Corn Seed:Ear CornCleaningChemical treatmentIntakePackingDryingGravity SeparatingSortingTemporary WarehouseShellingDrying/Shelling ProcessConditioning ProcessPacking Process
- 19. Application of Balanced Scorecard
- 20. 4 Perspectives in Balanced ScorecardThe StrategyFinancial PerspectiveIf we succeed, how will we look to our shareholders?Customer PerspectiveTo achieve our vision, how must we look to our customers?Internal PerspectiveTo satisfy our customers, which processes must we excel at?Learning & Growth PerspectiveTo achieve our vision, how must our organization learn and improve?
- 22. Strategy Map of MonsantoEnhance Long-term Shareholder ValueImprove Cost EfficiencyIncrease Revenue GrowthFinancialCustomer Satisfaction & RetentionEnhance Brand ImageBuild High Performance ProductsCustomerDrive Demand through Customer Relation ManagementAchieve Operational ExcellenceImplement GoodEnvironmental PolicyManage Dramatic Growth through InnovationInternal ProcessLearning & GrowthPower Delegation Build Learning Culture/Employee SatisfactionExpand Capabilities with Technology
- 23. ExecutionDevelopment Projects, Activities, etc.Quality Projects, Activities, etc.– 1 –Identify InitiativesCorporate Projects, Activities, etc.Marketing Projects, Activities, etc.FinancialPerspectiveCustomerPerspective– 2 –Screen InitiativesInternalPerspectiveOrganizationLearningOutput: Short List of Strategically Aligned Initiatives
- 25. Customer Prospect:Customer Perspective identifies Targeted Customer and market Segments and Measures the Organization’s success in these Segments In today’s business scenario “Customer is the king”
- 26. Customer Prospect:Customer Retention Customer ProfitabilityCustomer SatisfactionMarket ShareCustomer AcquisitionPriceAvailabilityBrandServiceQuality
- 33. Internal Business Process Prospective:This perspective focuses on internal operations That create value for customers that ,in turn, furthers the financial perspective by increasing the shareholder valueThere are four main themes in this perspective, namely: Operations Management Process
- 36. Regulatory and Social ProcessStrategic Objectives in Internal ProcessOperations Management ProcessesCustomerManagement ProcessesRegulatory and Social ProcessesInnovation ProcessesProcesses that produce and deliver products and servicesProcesses that enhance customer valueProcesses that create new products and servicesProcesses that improve communities and the environment Supply
- 37. Production
- 38. Distribution
- 39. Selection
- 40. Acquisition
- 41. Retention
- 42. Growth
- 43. New Ideas
- 44. R&D Portfolio
- 45. Design/ Develop
- 46. Launch
- 47. Environment
- 48. Safety & Health
- 49. Employment
- 50. CommunityInternal Business Process Prospective:
- 51. Internal Business Process Prospective:
- 52. Internal Business Process Prospective:
- 53. Internal Business Process Prospective:
- 54. Learning & Growth PerspectiveThis perspective reflects the capability that a company should have, namely: Human Capital
- 57. This perspective shows us that good human resource development system, organizational system and information system forms a solid foundation for improving company performance. Learning & Growth Prospect:Organization CapitalInformation CapitalHuman Capital Skills
- 58. Knowledge
- 59. Attitude
- 60. Systems
- 61. Database
- 62. Networks
- 63. Culture
- 64. Leadership
- 65. Organization DevelopmentLearning & Growth Prospective:
- 66. Learning & Growth Prospective:
- 67. Learning & Growth Prospective:
- 68. Learning & Growth Prospective:
- 69. Financial Prospective:In the financial perspective, the strategic goal is the long-term shareholder value. This goal is driven by two factors, namely : revenue growth and cost efficiency.
- 70. Financial Prospective:Long-term Shareholder ValueRevenue GrowthCost EfficiencyExpand Revenue OpportunitiesImprove Cost StructureIncrease Asset UtilizationEnhance Customer Value
- 72. Benefits:Gives the complete picture of the employee as well as the organizational performance.
- 73. It guides users in determining the critical success factors and performance indicators.
- 74. Strategic review or analysis of the organizational capabilities and performance.
- 75. Focusing the whole organization on the few key things needed to create breakthrough performance.
- 76. Integrating and directing the performance and efforts from the lowest levels in the organization to achieve excellent overall performance. Conclusion: BSC implemented the strategic framework in process industry
- 77. BSC helped to measure performance of the organization and highlighted the need for business redesign of organization.
- 78. It also provided a flexible framework that makes company objectives actionable at all level of organization.
- 79. BSC aligned the organization (Monsanto) with strategy
Editor's Notes
- #2: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #3: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #4: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #5: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #6: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #7: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #8: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #9: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #10: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #11: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #12: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #13: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #14: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #15: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #16: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #17: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #18: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #19: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #20: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #21: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #22: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #23: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #24: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #25: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #26: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #27: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #28: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #29: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #30: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #31: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #32: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #33: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #34: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #35: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #36: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #37: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #38: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #39: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #40: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change
- #41: Quick review of the initiative mission Objective: process improvement to better achieve business goals and objectives Measuring processes and products, not people However, we will be measuring people’s work Use business and organizational goals to drive metrics Iterative process. Expect it to evolve and change