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IYCON completes the balanced scorecard framework for CBD

United Arab Emirates: Thursday, February 17 - 2005 @ 12:48

The implementation of QPR was carried out by IYCON FZ LLC, the Middle East Partner for QPR. IYCON focuses on providing High Quality Business Consultancy and Technology Solutions to organisations across EMEA and the Asian Subcontinent.

CBD uses the Balanced Scorecard [BSC] framework that is fast becoming internationally ‘best practice’ for developing business strategies, performance measures, targets, and new initiatives / projects. The result is a wholesome strategic planning system that is comprehensive, logically sound, and supported by the entire organization. More than 40% of large organizations, in USA, have implemented BSC, according to a survey by Bain. Govt agencies such as, Dept of Homeland Security, Defence Information Systems Agency and the Army are using BSC to implement strategic plans amidst unprecedented changes, explains Masood Azhar, Head of Strategic Planning at CBD

‘The basic roles of an executive that has been around for a long time include, thinking strategically, measuring performance, evaluating results, feedback, which are fundamental concepts in management. And BSC is an effective enabler towards achieving these. One more first from CBD in it’s search for excellence towards building organizational strategy, linking strategy to planning and budgeting, setting and building a robust corporate performance management system,’ adds Mr. Mahmood Hadi, Asst General Manager, Systems & Operations

‘The software can be leveraged onto existing IT infrastructure and enables quick modelling of scorecards. Knowing your organization’s key performance indicators is half the battle; the other half is to actually monitor them and do something about them when they fall short of expectations,’ explains Jude Chagas Pereira, Director of Iycon.

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Thursday, February 17- 2005 @ 12:48 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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