Balanced Scorecard 3 by angelinahowardits


									                  Qatar : QAPCO Organizes Balance Scorecard Forum.

QAPCO QAPCO Qatar Petrochemical Organization Ltd. organized a one day "Balanced
Scorecard Balanced Scorecard

A efficiency metric employed in strategic management to determine and boost different internal
functions and their resulting external outcomes. The balanced scorecard attempts to measure and
offer feedback to organizations in order to help in implementing Forum"where delegates from Ras
Gas, QAFCO QAFCO Qatar Fertiliser Firm, Qatar Steel, Qatar University andQatar Olympic
Committee participated. The Balanced Scorecard notion isone of the most prolific tool ever used
for executing StrategicManagement Program. The Balanced Scorecard method assists
companiesunderstand their threat management criteria and perform on their strategymaps. It
helps firms adopt a a lot more effectively-organized structure with agreater focus on creating folks
within the organization.

 The occasion was formally opened by the QAPCO Corporate ExcellenceDepartment with a
presentation on "QAPCO Method Managementthrough Balanced Scorecard" exactly where
QAPCO shared its more than 5years encounter of Balanced Scorecard implementation and
application.The introduction also highlighted how QAPCO is utilizing Balanced Scorecardas a
management tool, performance measurement tool and initiatives tool.This was followed by two
presentations delivered by external StrategySpecialists. A representative from Palladium Middle
East spoke about' Technique Execution Practice by Manufacturing Companies'which was followed
by another exciting presentation entitled'Linking Overall performance to Pay' from Vision &
StrategyManagement Consulting. This subject provoked many queries anddiscussions from

 Mr. Nasser Al Hajri, QAPCO's Human Resources The fancy word for "folks." The human
resources department inside an organization, years ago recognized as the "personnel
department," manages the administrative aspects of the workers. & LearningManager stated " It is
crucial that companies have a structured goaland develop a program for their business growth. By
adopting the BalancedScorecard approach, we hope to increase our effectiveness, set targets,and
attain targets with precise measurements". This was supportedby QAPCO Acting Head of
Corporate Excellence, who stated The BalancedScorecard concept is important for the future of
QAPCO but implementingit is one particular thing but understanding and executing the concept is
harderbut much more vital for firms like QAPCO. We have observed situation research,wherein,
companies that have effectively adopted the ideas ofBalanced Scorecard have seen greater
shareholder worth.

 Participants rated this forum as understanding & experience sharingevent and identified it as
value added Value Added
The enhancement a business gives its product or service before supplying the item to consumers.

This can either improve the goods price or worth..

2012 Al Bawaba (

Provided by an business

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