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What is the Balanced Scorecard?

What is the Balanced Scorecard?
The balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals. It was originated by Drs. Robert Kaplan (Harvard Business School) and David Norton as a performance measurement framework that added strategic non-financial performance measures to traditional financial metrics to give managers and executives a more 'balanced' view of organizational performance. The balanced scorecard has evolved from its early use as a simple performance measurement framework to a full strategic planning and management system. The “new” balanced scorecard transforms an organization’s strategic plan from an attractive but passive document into the "marching orders" for the organization on a daily basis. Related:  work and business

Hello - visualisation Hello I’m David McCandless, a London-based author, writer and designer. I’ve written for The Guardian, Wired and others. These days I’m an independent data journalist and information designer. I’m interested in how designed information can help us understand the world, cut through BS and reveal the hidden connections, patterns and stories underneath. My pet-hate is pie charts. Our mission Myself, and the rest of the crack team here at Information is Beautiful, are dedicated to distilling the world’s data, information and knowledge into beautiful, interesting and, above all, useful visualizations, infographics and diagrams. Who funds us? This site is entirely funded by sales of images, posters and books. Stay in touch @infobeautiful (just infographics)@mccandelish (details of my tawdry life too)This site’s RSS Web FeedFacebook email: pa [dot] david [dot] mccandless [AT] Gmail [dot] com. Want to know more? » I created the Helicopter Game, the most addictive game on the internets.

Getting it right at the Interview An insight into what recruiters look for in a candidate, why candidates fail to clear the interview, the importance of soft skills and more. What mistakes do candidates generally make during interviews? One must try and put his/ her best foot forward for the interview. Very often, candidates fail to clear the interviews due to inaccurate or incorrect information given in their resumes. It’s always better to start with areas of your strength, show a positive approach and accept wherever you are unsure of the right answer. Often candidates start discussing compensation and benefit related aspects even before the final offer has been made. Do you expect the candidates to have a fair idea about the company and the position they are applying for? It’s always better to know the background of the company where you have applied for and understand the job profile as well. How important are soft skills (team work, communication, leadership etc.) in selecting a candidate?

Creative Advantage - Innovation Training and Services KPI Library - Discover the right Key Performance Indicators 401(k) A 401(k) plan is the common name in the USA for the tax-qualified, defined-contribution pension account defined in subsection 401(k) of the Internal Revenue Code. Under the plan, retirement savings contributions are provided (and sometimes proportionately matched) by an employer, deducted from the employee's paycheck before taxation (therefore tax-deferred until withdrawn during retirement), and limited to a maximum pre-tax annual contribution of $17,500 (as of 2013).[1][2] The section of the Internal Revenue Code that made 401(k) plans possible was enacted into law in 1978.[3] It was intended to allow taxpayers a break on taxes on deferred income. In 1980, a benefits consultant named Ted Benna took note of the previously obscure provision and figured out that it could be used to create a simple, tax-advantaged way to save for retirement. For accumulated after-tax contributions and earnings in a designated Roth account (Roth 401(k)), "qualified distributions" can be made tax-free.

Is Innovation Valuable? I began thinking carefully about Apple in 2005 when the stock was priced at around $55/share. I remember that the events which made me consider Apple in a different light were the launch of the iPod shuffle and the launch of the Mac mini. Both moves signaled to me that the company was serious about competing with non-consumption. At that point I thought that the company was a potential opportunity as an investment. But I also remember that many people at the time thought that the stock price was too expensive. Indeed, by 2006, the shine was off. However, in 2007 the company’s value recovered with the introduction of the iPhone. Yet, again, in early 2008 the company lost 40% of its valuation. Then the recession came. It may not appear to be the case, but throughout this volatile period, the investment thesis remained fairly constant: Apple is a rather small collection of product bets. The chart below shows just what that looks like in terms of product contribution to gross margin.

22 free tools for data visualization and analysis You may not think you've got much in common with an investigative journalist or an academic medical researcher. But if you're trying to extract useful information from an ever-increasing inflow of data, you'll likely find visualization useful -- whether it's to show patterns or trends with graphics instead of mountains of text, or to try to explain complex issues to a nontechnical audience. There are many tools around to help turn data into graphics, but they can carry hefty price tags. The cost can make sense for professionals whose primary job is to find meaning in mountains of information, but you might not be able to justify such an expense if you or your users only need a graphics application from time to time, or if your budget for new tools is somewhat limited. If one of the higher-priced options is out of your reach, there are a surprising number of highly robust tools for data visualization and analysis that are available at no charge. Data cleaning DataWrangler

Enterprise resource planning Picture showing some typical ERP modules Enterprise resource planning (ERP) is a business management software—usually a suite of integrated applications—that a company can use to collect, store, manage and interpret data from many business activities, including: Product planning, costManufacturing or service deliveryMarketing and salesInventory managementShipping and payment ERP provides an integrated view of core business processes, often in real-time, using common databases maintained by a database management system. ERP systems track business resources—cash, raw materials, production capacity—and the status of business commitments: orders, purchase orders, and payroll. Enterprise system software is a multi-billion dollar industry that produces components that support a variety of business functions. The ERP system is considered a vital organizational tool because it integrates varied organizational systems and facilitates error-free transactions and production. History[edit]

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