Value Based Management Balanced Scorecard Metrics Template
Taking forward and keeping alive the motive of operating an organization asks for contributing to the ‘value’ that is provided to the stakeholders. Attaining this demands a constant check on the processes being followed in the organization in a multi-directional way. BSC can serve the purpose in this sense. The perspectives that can be of help in this subject are- Financial Performance Perspective, Customer satisfaction and Value Perspective, Innovation and Value aspects of Products and Employee Satisfaction and Learning perspective.The KPIs that can be clubbed under these headings are- ‘cost per unit decrease’, ‘measuring the variation of Economic profit in adding value to investors’ wealth’, ‘gain from improved working capital usage and Market share Growth.Customer satisfaction and value perspective entails metrics like ‘level of customer service’; ‘customer retention ratio’; ‘fraction of customer base that considers the outputs beyond expectation’ and ‘Re-purchase possibility’.Innovation Efforts and Value contained in Products can be attained with indicators such as ‘fall in product defect rate’; ‘research Funds: Revenues’; ‘Quality Enhancement ratio’ and ‘rise in number of products developed’.Lastly, the Employee satisfaction and learning can be had with parameters such as ‘number of training sessions held’; ‘motivation level’; ‘fall in the ‘accidents’ ratio’ and ‘employee productivity ratio’.
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What are benefits of Value Based Management metric:
- Typical indicators in the financial category include increase on return on sales and cost per unit decrease.
- Customer retention rate and customer satisfaction with provided services are measures often used in the customer perspective of the VBM Balanced Scorecard.
- Sure, internal processes are to be measured and optimized - number of new products or revenue from R&D belong here.
More ideas on using Value Based Management KPI:
Among the various ways in which it is possible to put down an organization’s aim, ‘managing value of outputs’ is one in the lot. This is to say that companies that are on a constant look-out for ways to add value to outputs stand greater chances of tasting success.
This has made ‘value based management’ one of the priorities recognized in firms. The subsets comprised under this bigger domain of management strategy are ‘creation of value’, ‘managing value’ and ‘measuring value’.
The various objectives which VBM advocates to be achieved are ‘corporate mission’, ‘corporate vision’, ‘communication’, ‘culture’ etc.
A BSC (Balanced Scorecard) that has been specifically tailored according to the needs and requirements of the concerned organization has the potential to serve ‘calculative’ aims of the management. In other words, by owning a connected group of metrics, user can make sure that everything goes well and is within control.
Such a scientific way to ‘enhance shareholder value’ is a sure-shot means for reaching the pre-decided objectives and targets in timely manner. One can also use it to become pro-active in approach and get on to tasks.
More useful information for Financial Estimation:
- Related metrics and KPIs for: Retail Sales, Sales, Credit Risk, Retail Banking, Mortgage, Financial Statement Analysis, Market Risk, Financial Risks, Operational Risk, Active Portfolio Management, Passive Investments.
- Customers who viewed this item also viewed: Risk Management
- Financial best practices articles:
Measure Sales performance, Retail Sales Performance - To buy or not to Buy, KPI vs. Balanced Scorecard, Design Scorecard with BSC Designer All articles about measuring performance in Financial Management.
Business Intelligence (BI) for Financial - measure performance with Value Based Management Scorecard for Excel
We have designed Value Based Management Balanced Scorecard (BSC) in MS
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Alignment with Balanced Scorecard and KPIs is a great way to control the performance of Financial.
In comparison to other business performance measure and control methods, alignment with KPI is much more easier to implement and use.
Use Value Based Management scorecard to align business performance.
Why do I need these metrics?
MS Excel files that we distribute are a
spreadsheets packed with metrics information and the performance
It's a real-business information. We
invested in research that involved experts from Financial Estimation industry who elaborated and shared certain metrics.
It's valuable, real-life experience which will help to improve the performance of your business.
I'm sure you understand the importance of measuring and controlling business using correct metrics, so this small investment will return in a great increase in sales.
To get a basic idea about what metrics to use. We learned a lot of business metrics and packed scorecard with the most successful.
To have a sample excel file, which is easy to modify to fit your needs. All Excel formulas are available for copy and change.
To start with measuring business performance. It's important to start with correct metrics, then you will be able to fulfill scorecard.
Value Based Management Estimation Balanced Scoreboard Screenshots
Metrics for Financial Estimation. This is the actual scorecard with Value Based Management Performance Indicators and performance indicators.
The performance indicators include: financial performance perspective,cost per unit decrease,measuring the variation of economic profit in adding value to the investors wealth,return on sales rise,amount gained from improved working capital,market share growth rate,customer satisfaction and value perspective,level of customer service,customer retention ratio,fraction of customer base that considers the products or services beyond expectations,re-purchase possibility,evaluating innovation and value aspects of products,research funds: revenues,% drop in new product development time,defect rate fall,quality enhancement level,rise in number of products developed,employee satisfaction and learning perspective,productivity growth ratio,drop in illness/accident ratio,motivation level,number of training sessions in one year.
Some Balanced Scorecard help information that explains how to use scorecard in Excel, what scores and weights can be changed.
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