SINGAPORE and LINCOLN, Mass., Nov. 22 --PRNewswire-AsiaNet/InfoQuest
Breakthrough Performance Results Lauded at Asia Pacific Seminar
Balanced Scorecard Collaborative, Inc. today announced it has named E-Land, Thai Carbon Black, and Western Water to the Balanced Scorecard Hall of Fame(TM) for achieving breakthrough performance results using the Balanced Scorecard
(BSC). The awards were presented today to officers of each organization at a
Balanced Scorecard seminar, "Strategy Maps: The Continuing Journey of the
Balanced Scorecard" held this week in Singapore. "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
Thai Carbon Black
Thai Carbon Black Public Co., Ltd. (TCB) is part of the Aditya Birla Group, a leading industrial house from India, operating in 12 countries and 40
manufacturing units with 72,000 employees working worldwide. The group has an
asset base of USD $6 billion. Thai Carbon Black began using the Balanced
Scorecard to link objectives, initiatives, and metrics to the strategy, and
deploy it to every level of the organization. Notes CEO S. Srinivasan, "Today
our BSC program includes linkages to our aggressive growth plans to retain the
position of being the 'world's largest carbon black plant at a single location,' our market rationalization, new product development, financial budgeting, employee development and compensation system, technology initiatives, and even our community initiatives and social development programs. Since its initiation in 2001, our results have been excellent: Profitability ratios are robust and better than [our competitors
], return on assets is up, and assets are growing consistently."
A Steuben crystal called "Rising Star," designed by Robert Cassetti, was presented to today's winners, who join 52 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) 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
For more information:
Robert L. Howie, Jr.
Balanced Scorecard Collaborative, Inc.
781.402.1192
[email protected]
Robert L. Howie, Jr.
Balanced Scorecard Collaborative, Inc.
781.402.1192
[email protected]
SOURCE: Balanced Scorecard Collaborative, Inc.
CONTACT:
Robert L. Howie, Jr.,
+1-781-402-1192,
[email protected], or
Robert L. Howie, Jr.,
+1-781-402-1192,
[email protected],
both of Balanced Scorecard Collaborative, Inc.
Web site: http://www.bscol.com
--Distributed by AsiaNet (www.asianetnews.net)--