Alle Storys
Folgen
Keine Story von Balanced Scorecard Collaborative, Inc. mehr verpassen.

Balanced Scorecard Collaborative, Inc.

Balanced Scorecard Collaborative Honors Endesa, Puertos del Estado, and Serono with Prestigious Hall of Fame Award

Madrid, Spain and Lincoln, Massachusetts (ots/PRNewswire)

- Breakthrough Performance Results Lauded at European Summit
Balanced Scorecard Collaborative, Inc. today announced it has
named Endesa, Puertos del Estado, and Serono to the Balanced
Scorecard Hall of Fame for Executing Strategy(TM) for achieving
breakthrough performance results using the Balanced Scorecard (BSC).
The awards were presented today to officers of each organization at
the Balanced Scorecard European Summit held this week in Madrid.
"Today's winners have achieved breakthrough performance results using
the Balanced Scorecard and are truly Strategy-Focused Organizations,"
said Balanced Scorecard Collaborative president Dr. David P. Norton.
"We are delighted to join them in celebrating their success."
Hall of Fame Honorees
Endesa
Endesa is one of the largest European electric utilities and is
the market leader in Spain and in several South American countries.
Founded in 1944 as a government-owned power generation company, it
was privatized in 1998. Today, Endesa serves more than 22 million
electric and gas customers worldwide, employs over 27,000 people, and
has revenues of 18 billion euros. Since adopting the BSC in 2001,
Endesa's stock price has soared 55% -- well beyond that of all of its
Spanish and most of its European peers. Net profit, productivity, and
quality of service have also improved. According to CEO Rafael
Miranda, "The Balanced Scorecard has helped us to share a common view
about the strategy, becoming the most important tool for
communicating and executing it. Four years into its implementation,
our BSC is the backbone of ENDESA's planning process, providing the
vital link between strategy, strategic objectives, major initiatives,
compensation system, and the budget. The BSC helps every executive to
know his or her expected contribution to the company's strategic
execution."
Puertos del Estado
Puertos del Estado is the public entity responsible for the
strategic coordination of the Spanish port system. The Spanish port
system is represented by 27 port authorities that manage the 50
commercial ports of general interest. With 5,200 employees, Spanish
ports in 2004 moved 410 million tons of cargo and earned 776 million
euros in income. The BSC was implemented to drive common key
performance indicators for all port authorities. "More than three
years after BSC implementation, success has been achieved," announces
Don Mariano Navas, president. "The results in every key indicator are
clear: 15% revenue increase, 13% in cargo growth, and 11% in
efficiency improvement, coupled with the world's best standards. But
we must not forget the BSC's less visible face: a new management
model focused on strategy, more people committed to management, team
work, accountability, and communication, a port community aligned
with the port strategy, and key performance information available to
enhance the decision-making process."
Serono
Serono International S.A. is a global biotechnology leader with
over 4,900 employees and worldwide revenues of USD $2.46 billion, up
21.8% in 2004, and a net income of USD $494 million, up 26.7% in
2004. The company operates in 44 countries, with sales in over 90
countries. Serono adopted the BSC in 1997. Since then it has achieved
phenomenal results, says Roland Baumann, senior executive vice
president, head of corporate administration, and member of the
executive management board.
"Our BSC is a key management tool that is linked to compensation,
planning, and budgeting and ensures that everyone in our 44 regional
offices across all our functions is aligned towards the same
objectives and goals. The strong support of our CEO and Executive
Management Board allows us to continue improving our BSC program year
after year. Over the last six years, our company has seen annual
double digit growth in total revenues and net income."
A Steuben crystal rising star, designed by Robert Cassetti, was
presented to officers from each organization. Today's winners join 55
other member organizations of the BSC Hall of Fame.
About the Balanced Scorecard
The Balanced Scorecard (BSC) concept-created by Drs. Robert S.
Kaplan and David P. Norton in 1992-has been implemented in thousands
of corporations, organizations, and government agencies worldwide and
has been cited by Harvard Business Review as one of the most
important ideas of the past seventy-five years. Based on the simple
premise that "measurement motivates," the BSC puts strategy at the
center of the management process, allowing organizations to implement
strategies rapidly and reliably.
About Balanced Scorecard Collaborative
Balanced Scorecard Collaborative, Inc. (BSCol), a Palladium
company, is a global family of professional service firms that help
clients use the Balanced Scorecard to successfully execute strategy.
To learn more, visit http://www.bscol.com
Web site: http://www.bscol.com

Contact:

Robert L. Howie, Jr. of Balanced Scorecard Collaborative, Inc.,
+1-781-402-1192, rhowie@bscol.com