These tips are relevant in India, but with family controlled enterprises; the application of these concepts will be difficult. The Indian companies have to adopt consumer friendly policies and take long term view of growth. Their focus is now on quick profit and not long term growth. The family drama at Reliance is an indication of the kind of m,anagement techniques adopted by the company. The overall atmosphere has to change, whether it is the government or the industrialists, a total attitudinal change over is needed.Professional decisons based on organisational need and capacity have to be taken. Union pressures and political pressure should not toally guide the decision.
This BSC looks like an addition to the troop of existing concepts in the field of Business Management. For more, pls refer Chapter 12: "Army of Consultants but no one to help" from Jack Trouts Classic BIG BRANDS BIG TROUBLE. You can find 90 kinds of differetn concepts listed there, some of which I have even neve heard of. This is one more addition to that list.
The article has been informative. But could be please throw some more light on "The Substance". What it exactly means and what does it comprise of ?
Balaced Score card, theoretically is fine to observe, but I personally feel that there would be requirement of huge data and its analysis. Is it really possible to apply BSC in Indian scenario where data recording is incoplete and unsystematic?
Regards, UV Vamsi Krishna SIES College of Management Studies +91 98192 80705
The BSC is good as a concept, but most of its' value is overstated. The whole thing about it is like Aditya Birla's single page statement. Most companies however do not know what to put in there, as Peter Drucker said, most of the time there are no objectives - so also none appear as such on the BSC. Today most companies want to be in on that one so as not to be left behind in terms of new management concepts as also it helps create a change management scenario (which can be both good or bad situationally and intent-wise)which will turn around the parameters of performance for some length of time and skew ROI thinking.
Thisis another and one more theory from a learned Harvard Professor. We get such theoroms almost everyday and confused the student, professor, customer vendor or an ordinary employee. If you bundle all the theories, you get nowhere.They should give live case studies in short paragraphs and convince us how the theory brought more sales, profitability, customer satisfaction, employee happiness, more revenue to government etc.
First can u provide me email of Mr. Kaplan, OR pass dis mess to 2 him along wid my email id.
Strgty is vat by Mr. Kaplan. is it to increase profits of a org,to increase the performance at d cost of profit, lead the company further, some sorts of plans to cut cost wid increase in performance(Profit). As per i know that no org. can survive wid out profit.
I belive dht everyone in org. be divide according to their work in a group & a leader should be there to lead them as well to see that all plans r applied & goals r acheived. sharing is d most important in dis sharing of all the news of everyone. get everyone undr one roof as a family.
You must be thinking that y r u reading this but thias is d point that if anything is of interst to one person he stand.
i know u have a lot of ? to ask me u can sure so u mail me or call me at 09869160421.
