Implementing Balanced Scorecard Strategic Management System
Make the strategy known to the employees and motivate them to accomplish their objectives;
Determine the degree of accomplishment of the company strategy;
Determine which business streams have the highest priority in supporting the strategy.
Structured description of the strategy of Prista Oil in the form of an objective tree;
Development of strategic maps with objectives, performance indicators and initiatives for each manager. Determining the priority of the planned projects according to their contribution to the strategy;
Definition of requirements for adjusting the ERP system to produce data for calculating the key performance indicators.
Clarification and formalization of the strategy Real measurement of the extent of achievement of the strategic objectives;
More efficient use of resources (budget) for supporting the strategy;
Personal responsibility of management, aligned with the respective rights and incentive system.