Balanced scorecard and Pension assets: Difference between pages

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imported>Doug Williamson
(Create page - source - CFI - https://corporatefinanceinstitute.com/resources/management/balanced-scorecard/)
 
imported>Doug Williamson
(Layout.)
 
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1. ''Organisations - strategic planning.''
1.


At the organisational level, a balanced scorecard is a strategic planning and analysis tool to help the organisation prioritise the different dimensions of its work.
The stock of assets held by a funded pension scheme, from which to pay the related pension liabilities.


For example, business processes, customers, organisational capacity and financial perspectives.


2.


By setting appropriate targets across the scorecard - and monitoring against them - the organisation can better focus and rebalance its priorities for long term success.
The entitlement enjoyed by an individual to receive a pension or other related benefit.


One of the main benefits is to broaden performance measurement from a narrowly financial focus.


Especially when short term financial improvements might be achieved by actions that are harmful to the longer term success of the organisation.
3.


 
Any other asset relating to a pension schemeFor example, a right to a proportionate share of a pension fund surplus, or a related benefit of enjoying a pension contributions holiday.
2''Directors and senior managers - performance - goal congruence.''
 
A balanced scorecard for an individual is a similarly-structured tool for target setting and performance measurement for the individual, tailored to their role in the organisation.
 
Well designed and implemented balanced scorecards will be consistent and complementary across the organisation, aiming to achieve ''goal congruence''.




== See also ==
== See also ==
* [[Benchmarking]]
* [[Contributions holiday]]
* [[Capture ratio]]
* [[Current service cost]]
* [[Carbon footprint]]
* [[Funded scheme]]
* [[Environmental KPI]]
* [[Pension liabilities]]
* [[Financial ratio]]
* [[Goal congruence]]
* [[Key control indicator]]
* [[Key performance indicator]]  (KPI)
* [[Key risk indicator]]
* [[Mission statement]]
* [[Performance]]
* [[Report card]]
* [[Service level agreement]]
* [[Short termism]]
* [[Strategic analysis]]
* [[Treasury performance management – waste of time or a necessity?]]
* [[Win rate]]


[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Treasury_operations_infrastructure]]

Revision as of 13:59, 13 May 2016

1.

The stock of assets held by a funded pension scheme, from which to pay the related pension liabilities.


2.

The entitlement enjoyed by an individual to receive a pension or other related benefit.


3.

Any other asset relating to a pension scheme. For example, a right to a proportionate share of a pension fund surplus, or a related benefit of enjoying a pension contributions holiday.


See also