Interoffice Memorandum
To:Mr. President
CcProfessor
From:XXXXXXXXXX
Date:November 7,XXXX
Re:Balanced carte and payment.
Balanced scorecard explained
In the past our procedure measures include cost, customer service, employee morale and quality control. We often based our compensation and reward structure on the approach in performance of these areas. Our compensation and reward structure was not al behaviors harmonious with our strategicalal plans. Using the balanced scorecard is the best way to link our compensation and rewards structure to performance. The balanced scorecard clear defines what is expected at all levels of the organization while salvage focusing on the success of the organizations strategic business plan. It allows employees to see how they contribute to the strategic plan by showing them the big picture and the incentives they could receive for continual improvement (Walker, 2008). Helping employees see how they fit into the organizational dynamics helps them heart like their work matters and makes the employee feel needed and appreciated. Many multitude leave their jobs because they feel unappreciated and they would not be confounded if they left.
The balanced scorecard inserts five main normals focusing on the effective strategic management structure for the organization. The first principle is to develop the balanced scorecard to reveal the goals presented in the strategic map for the organization. This will maintain focus on the scheme and vision plus encourage consistency and commitment by the employees to the strategic plan. The second principle is to align the operations in each division and/or de bumpment in such(prenominal) a way as to create support, cooperation and communication betwixt them. The third principle is to outline how every employee is responsible for doing their part in implementing and supporting the organizations strategic objectives. The fourth principle is to plug in the...If you want to get a full essay, order it on our website: Orderessay
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