User:Davidpmcmillan/sandbox
Balanced Scorecard Hall of Fame for Executing Strategy™
[edit]The Balanced Scorecard as a strategy management framework was created by Drs. Robert S. Kaplan and David P. Norton in 1992 and originally shared through the Harvard Business Review article "The Balanced Scorecard - Measures that Drive Performance".[1] The Palladium Balanced Scorecard Hall of Fame for Executing Strategy™ was created to recognize and learn from successful cases of Balanced Scorecard-based strategy execution across the globe. It is considered the preeminent award for strategy execution.[2][3]
History
[edit]In the year 2000, the Balanced Scorecard Collaborative (subsequently acquired by Palladium International) launched the Balanced Scorecard Hall of Fame™ award program.[4][5] The award was re-branded in the late 2000s to acknowledge the broader practice of strategy execution and the other critical approaches and process linkages needed to successfully execute strategy beyond the existence of a Balanced Scorecard within an organization. Harvard Business Publishing was a partner of the program from 2000 to 2012 as they promoted the program and published the case studies of the winners.[6] Palladium continues to administrate the program and self-publishes more recent cases.
Criteria and Judging
[edit]The key criteria for winning the award is the best practice use of a Balanced Scorecard-based strategy management system and the achievement of industry-leading outcomes that suggest the strategy was both successfully formulated and executed.[7] Drs. Robert S. Kaplan and David P. Norton, creators of the Balanced Scorecard, served as the sole judges of the award through its 2015 application cycle.
Past Winners
[edit]Since the year 2000, over 200 organizations have been recognized.[8] Organizations come from dozens of countries around the world and represent a wide variety of industries and organization types.[9]
| Industry | Induction Year | Headquarters Country | |
|---|---|---|---|
| Avinor | Transportation and Warehousing | 2016 | Norway |
| Balanga, City Government of | Public Administration | 2016 | Philippines |
| Community First Credit Union | Finance and Insurance | 2016 | Australia |
| Philippine Navy | Public Administration | 2016 | Philippines |
| Roanoke Electric Cooperative | Utilities | 2016 | United States of America |
Learnings
[edit]Like any award, past performance is no guarantee of future success. Some Hall of Fame winners continue to be very successful many years after their Hall of Fame win.[10] Others organizations have not seen their success continue either because subsequent strategies have not been right for the market or because strategy execution practices have eroded for one reason or another (e.g., leadership change, relaxed adherence to process).
External Links
[edit]Sources
[edit]- ^ "The Balanced Scorecard—Measures that Drive Performance". Harvard Business Review. 1992-01-01. Retrieved 2018-02-17.
- ^ "웨슬리퀘스트". www.wesleyquest.com. Retrieved 2018-02-17.
- ^ fale@rota3.com.br, Rota 3,. "Symnetics - Uma empresa do Grupo TANTUM". www.symnetics.com.br. Retrieved 2018-02-17.
{{cite web}}: CS1 maint: extra punctuation (link) CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link) - ^ OTALOR, JOHN. "Balanced scorecard as a performance measurement model-challenges and prospects".
{{cite journal}}: Cite journal requires|journal=(help) - ^ fale@rota3.com.br, Rota 3,. "Symnetics - Uma empresa do Grupo TANTUM". www.symnetics.com.br. Retrieved 2018-02-17.
{{cite web}}: CS1 maint: extra punctuation (link) CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link) - ^ "Balanced Scorecard Hall of Fame Case Study Search". hbr.org. Retrieved 2018-02-17.
- ^ "Balanced Scorecard Hall of Fame :: Wiki :: Ascendant Strategy Management Group :: Ascendant Strategy Management Group". www.ascendantsmg.com. Retrieved 2018-02-17.
- ^ "Palladium - Awards Program". www.thepalladiumgroup.com. Retrieved 2018-02-17.
- ^ "Palladium - Awards Program". www.thepalladiumgroup.com. Retrieved 2018-02-17.
- ^ Consulting, Trissa Strategy. "Balanced Scorecard Success Story | University of California, San Diego › Trissa — Trissa Strategy Consulting". www.trissaconsulting.com. Retrieved 2018-02-17.