Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:
Ideally, you need to have a strategy (in a form of a strategy map) before you start thinking about the ways to measure its execution (KPIs). Don't have a strategy map yet? Use free Strategy Map Wizard to create a strategy map for your current business challenges. The wizard will:
The whole process takes on average 6 minutes. Give it a try right now - it's free.
By applying BSC approach in university, one can pull together the various aspects involved in the task and do justice to all of those.
A university is a learning centre that aims at imparting quality education to those enrolled at the place. However, the areas that contribute in developing a conducive environment for attaining the pre-set objective are numerous that compels the management group to initiate a search for 'effective monitoring device'. The 1990s concept by Norton and Kaplan called BSC answered the prayers of those striving for a 'balanced growth' strategy.
This has several related and relevant indicators on it to enable the job of 'quantifying' the aspects involved. One just needs to collect a 'good enough' set of KPIs, assign those the achievable and realistic values and head on for having regular revisions.
By framing a university scorecard, it is possible to count the efforts and attempts being taken by the administration in improving the operations.
Saying it all, one can heave a sigh of relief after getting over with this job of constructing a university balanced scorecard. With solid values and numbers to support opinions and decisions, one surely intensifies his/her chances of succeeding, even in the area of university management.
This is the actual scorecard with University Scorecard Indicators and performance indicators. The performance indicators include: teaching perspective, average professor: students ratio, % of top-school leavers enrolled in the university, % increase in higher degree courses, course completion index, financial perspective, funds allocated to the university: total funds granted by the government, % increase in contingency funds, research income: operating revenue, institutional processes and funding plans implemented, research and learning perspective, global level research index, % of web based courses offered, acclamation ratio, % of students that took part in academic enhancement activities, internationalization and diversity perspective, proportion of total students from foreign land, number of participations in international publications and presentations, % of faculty and staff from diverse backgrounds, international conference fraction.
How is this book different from 796 other book titles about KPIs on Amazon?
"Before writing a single line, I formulated some guiding principles, one of them was: "If our clients ask, "How can I find a good KPI for..." - I want this book to provide a perfect answer."