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TVET performance management system and implication cases

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Frame of Image troduction to BSC 1. BSC system: fundamental notions A. Balanced Scorecard (BSC) • A strategy performance management tool developed by Robert Kaplan and David Norton of Harvard University in 1992 • With a motto “Non-measurable, not improvable”, BSC suggests methods of strategic management based on measurable indicators. • Numerous non-profit, non-governmental organizations as well as public institutions, including U. S. central governmental organizations, World Bank, and IMF, have used BSC. •Strengths of BSC Solutions to cope with increasing importance of: a. Management strategy due to rapid change of management environment b. Intangible assets in formation-oriented, knowledge-based society c. Performance added to existing strategy establishing theory d. Having four basic perspectives; aiming for both strategic management and performance management 3 Chapter 1. Introduction to BSC 1. BSC system: fundamental notions Mission – Organization’s core purpose Vision- Goals, aims, and objectives within time frame Perspective – Toward source of the organization’s core value Performance objective – To achieve strategic goal Performance indicator – To measure outcome to evaluate success Design Initiative – tools and means to achieve goals Implementation 4 Chapter 1. Introduction to BSC 1. BSC system: fundamental notions BSC reflects on both quantitative and qualitative factors How the processes are aligned to the strategy and goal of an organization Customer Select metrics that measures


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Title TVET performance management system and implication cases
Similar Titles
Material Type Proceedings
Author(English)

Kim, Young-Saing

Author(Korean)

김영생

Publisher

[Seoul] : Korea Research Institute for Vocational Education & Training
Date 2013-06
Event [Workshop] Saudi Arabia TVTC Training Program on Strategic Planning and Performance Management
Pages 69
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Education
Holding KDI School
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