Socius » business consulting services http://www.socius1.com Fri, 30 Jul 2010 20:15:12 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 Better Business Performance Management through a Balanced Scorecard http://www.socius1.com/better-business-performance-management-through-a-balanced-scorecard/ http://www.socius1.com/better-business-performance-management-through-a-balanced-scorecard/#comments Fri, 13 Nov 2009 11:56:40 +0000 Julie Stankey http://www.socius1.com/?p=3485 An estimated $57 billion is being spent on Business Performance Management (BPM) this year, but organizations are still struggling to manage the execution of their strategic goals.

If you are one of those organizations, it might be time for a new Performance Management System.  One of Socius’ Business Intelligence solutions consultants, Brad Blackmore, presented the following Performance Management System solution at Socius’ Aspire conference in October:

BPM is a series of business processes designed to optimize the development, execution and management of business strategy.  It involves facilitating the creation of strategic goals as well as supporting the subsequent management of the performance and progress toward those goals.

BPM cycle
Underlying every BPM is a Performance Management System that compares actual results to the objectives.  This comparison is essential to provide meaning to the data.  An effective Performance Management System will:
  • Focus on the key activities that organization considers critical to remain successful
  • Mix the past, present, and future
  • Balance the needs of all stakeholders
  • Start at the top and flow down 
  • Have targets based on research and reality

The most popular Performance Management System the fulfills these criteria is the Balanced Scorecard (BSC).

Follow these steps to develop a Balanced Scorecard:

1.  Develop your strategic foundation

  • Values
  • Mission
  • Vision

2.  Develop your strategic assessment

  • External environment
  • Industry environment
  • Balanced Scorecard SWOT

3.  Define your strategic destination statement

4.  Align strategies and actions in a strategy map

5.  Select metrics and set targets

6.  Implementation

7.  Roll-out and conduct strategic reviews

To see an example of BPM through a Balanced Scorecard, download Brad’s presentation.

Contact Socius if you would like assistance implementing a Balanced Scorecard approach to BPM in your organization.

]]> http://www.socius1.com/better-business-performance-management-through-a-balanced-scorecard/feed/ 0 Socius Clients Honored for Growth and Talent http://www.socius1.com/socius-clients-honored-for-growth-and-talent/ http://www.socius1.com/socius-clients-honored-for-growth-and-talent/#comments Wed, 30 Sep 2009 15:52:41 +0000 Julie Stankey http://www.socius1.com/?p=3043 As a business consulting services organization, Socius has the privilege of working with and assisting the growth of some of the most successful companies in Ohio and across the Midwest. 

We are pleased and proud to congratulate many of our clients on being recognized for excellence in their respective business communities.

The NorthCoast 99
The NorthCoast 99 honors the 99 Northeast Ohio workplaces with the top talent.  Honorees excel in the attraction, retention, and motivation of Top Performers who fuel the economy. 

Congratulations to our clients who have received this honor this year:

  • EMP Management Group
  • FedEx Custom Critical
  • Foundation Software
  • Hyland Software
  • National Association of College Stores
  • Ross Environmental
  • SageQuest

Congratulations also go out to our partner, MCPc, Inc., on receiving this honor.

Learn more about the NorthCoast 99

The Fast 50
Columbus Business First’s Fast 50 Awards honor the fastest-growing emerging companies in Central Ohio.

Congratulations to our clients who received this honor this year:

  • Astute Solutions
  • Sequent

Learn more about the Fast 50

Socius works closely with each of these organizations to understand their unique business needs and address those needs through Ohio ERP software and Ohio CRM software solutions.

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