The use of the Balanced Scorecard is to ensure better harmony between budgets and strategies. Implementing the Balanced Scorecard integrates strategic improvement actions with performance criteria and strategies. When the necessary financial resources for each improvement action are budgeted (‘initiative budgeting’) and these cost and investment budgets are incorporated into the total company budget, the budgets are also linked to the strategy through the Balanced Scorecard. A strategy-oriented organization ensures that the annual planning and budgeting process is adjusted to the strategy management and Balanced Scorecard-based improvement processes.
B&M helps its clients to integrate their planning and budgeting systems with the Strategy Management process. Costing, performance measurement and budgeting-tools are integrated into one system, and financial and strategy management processes are optimally aligned with each other. Common sources of dysfunction in the planning and budgeting process are a mismatch with the strategy and its lack of focus on planning and measuring strategic performance. When the budgeting process is optimally integrated into the performance management cycle, these dysfunctions can be largely overcome. Our approach contributes to motivating managers for strategic performance. We help managers to better define and implement the strategy and better align plans and budgets to strategy.
How can we help you?
Delaware Performance Management
Tel.: +32 (0)9 245 68 01
5231 DD 's-Hertogenbosch
Tel.: +31 (0)6 33 812 154
3780 Mansell Road, Suite 350
Alpharetta, GA 30022
Tel.: +1 678 444 2209
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