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Balanced Scorecard Collaborative honours Kinnarps AB, Pliva D.D., and Royal Norwegian Air Force with prestigious Hall Of Fame award.

Article Excerpt
Barcelona, Spain and Lincoln, Massachusetts -- Barcelona, Spain and Lincoln, Massachusetts, June 11 /PRNewswire/ -- - Exemplary results of these strategy-focused organisations lauded at European summit

Balanced Scorecard Collaborative, Inc today announced it has named Kinnarps AB, PLIVA d.d., and the Royal Norwegian Air Force to the Balanced Scorecard Hall of Fame for achieving significant performance results as Strategy-Focused Organisations. The awards were presented today to officers of each organisation at the Balanced Scorecard European Summit being held this week in Barcelona, Spain.

Balanced Scorecard Collaborative President Dr. David P. Norton said, "We created the Hall of Fame to publicly acknowledge the hard work and remarkable results of implementing the Balanced Scorecard to create the Strategy-Focused Organisation. The Balanced Scorecard Hall of Fame pays tribute to the success that each organisation has attained."

Selection Criteria

Hall of Fame winners celebrated today met the award criteria with breakthrough performance largely as a result of applying the five principles of a Strategy-Focused Organisation. The five principles are: Mobilise change through executive leadership; translate the strategy to operational terms; align the organisation to the strategy; motivate to make strategy everyone's job; and govern to make strategy a continual process.

Other selection criteria are: Implementing the Balanced Scorecard (BSC) as defined by the Kaplan/Norton methodology; presenting the case at a public conference; achieving media recognition for the scorecard implementation; producing significant financial or market share gains or accomplishing mission objectives;...

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