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Balanced Scorecard Collaborative Honors United States Postal Service and Brigham and Women's Hospital with Prestigious Hall of Fame Award.


Breakthrough Performance Results Lauded at Government Summit

WASHINGTON, & LINCOLN, Mass. -- Balanced Scorecard Balanced Scorecard

A performance metric used in strategic management to identify and improve various internal functions and their resulting external outcomes. The balanced scorecard attempts to measure and provide feedback to organizations in order to assist in implementing
 Collaborative, a division of Palladium Group, Inc., today announced it has named the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Postal Service and Brigham and Women's Hospital Brigham and Women's Hospital (BWH) is a hospital in the Longwood Area of the Boston, Massachusetts neighborhood of Mission Hill. With Massachusetts General Hospital, it is one of the two founding members of Partners HealthCare.  to the Balanced Scorecard Hall of Fame for Executing Strategy[TM] for achieving breakthrough performance results using the Balanced Scorecard (BSC (Binary Synchronous Communications) See bisync. ). The award will be presented to officers of these organizations at the Balanced Scorecard Government Summit being held this week in Washington, DC. "Today's winners have achieved breakthrough performance results using the Balanced Scorecard and are truly Strategy-Focused Organizations," said Dr. David P. Norton, president of Palladium Group and co-founder of the Balanced Scorecard Collaborative.

The Balanced Scorecard (BSC) conceptCocreated by Drs. Robert S. Kaplan Robert S. Kaplan is Baker Foundation Professor at Harvard Business School and co-creator, together with David P. Norton, of the balanced scorecard, a means of linking a company's current actions to its long-term goals.  and David P. Norton in 1992Cohas been implemented in thousands of corporations, organizations, and government agencies worldwide and has been cited by Harvard Business Review Harvard Business Review is a general management magazine published since 1922 by Harvard Business School Publishing, owned by the Harvard Business School. A monthly research-based magazine written for business practitioners, it claims a high ranking business readership and  as one of the most important ideas of the past seventy-five years. Based on the simple premise that "measurement motivates," the BSC puts strategy at the center of the management process, allowing organizations to implement strategies rapidly and reliably. In 2000, Drs. Kaplan and Norton launched the Hall of Fame program to publicly honor companies successfully using the BSC to achieve and sustain breakthrough performance results. Today, the 81 inductees represent a wide variety of industries from more than 15 countries in both the private and public sectors. A Steuben crystal rising star, designed by Robert Cassetti, will be presented to officers from each of the following organizations:

United States Postal Service

The United States Postal Service (USPS (1) (Uninterruptible Switching Power Supply) A power supply for a computer that contains its own battery and uninterruptible power supply (UPS) circuitry. See power supply and UPS. ), which historically operated as a government-supported monopoly, was mandated by Congress in 1970 to break even and taxpayer subsidies were eliminated. After becoming self-sufficient in the early 1980s, USPS has become more commercial and revenue-oriented. Today, USPS has more stakeholders than most organizations, touching every business and household in the US, and until recent years, was the largest employer in the country, currently employing 700,000 people (including carriers). USPS provides products and services in several different markets: correspondence and transactions, business advertising, expedited delivery, standard package delivery, publications delivery, and international mail. Even the smallest of USPS' lines of business is a billion-dollar business. According to John E. Potter John E. Potter is the current United States Postmaster General and CEO of the United States Postal Service, becoming the 72nd Postmaster General on June 1, 2001.

Prior to becoming Postmaster General, he had been Chief Operating Officer of the U.S. Postal Service.
, Postmaster General POSTMASTER GENERAL. The chief officer of the post office department of the United States. Various duties are imposed upon this officer by the acts of congress of March 3, 1825, and July 2, 1836, which will be found under the articles Mail; Post Office and Postage.  and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. : "Several years ago, we set out to transform the Postal Service. In a changing and ever-more-competitive communications market, the Postal Service had to change... Performance had to become the watch word for everyone in the organization. To help us do this, we established a "balanced scorecard," which we call the National Performance AssessmentC*The results were impressive. We had record, on-time service and customer satisfaction levels. We delivered early on our 5-year commitment to reduce costs by $5BC* Volume grew to 212 billion [mail pieces delivered] and revenues to $70B, which is critical as we meet the universal service obligation to our growing base of 144 million customers. We are not content with maintaining Postal Service performance at today's high Today's High

The intra-day high trading price.

Notes:
In other words, this is the highest price that a stock traded at during the course of the day. More often than not this is higher than the closing price.
See also: Today's Low
 levels. In partnership with our employees and customers, we continue to transform the Postal Service using the balanced scorecard to measure results and help us drive for excellence."

Brigham and Women's / Faulkner Hospitals

Brigham and Women's Hospital (BWH BWH Brigham and Women's Hospital (Boston, MA)
BWH Backyard Wildlife Habitat
BWH Blue Water High (TV show)
BWH Backup Withholding
BWH Bust/Waist/Hip (measurement) 
) is a 747-bed nonprofit teaching affiliate of Harvard Medical School Harvard Medical School (HMS) is one of the graduate schools of Harvard University. It is a prestigious American medical school located in the Longwood Medical Area of the Mission Hill neighborhood of Boston, Massachusetts. , located in Boston, Massachusetts, and a founding member of the Partners Healthcare System. BWH is a leading academic medical center with a commitment to patient care, research innovation, and medical education. BWH cares for almost 800,000 patients a year at its main hospital campus, at Faulkner Hospital and two community health centers. With over $2B in net patient revenues, the hospital has 13,000+ employees, of which 2,000+ are staff physicians and 2,800+ are registered nurses. BWH was ranked 11th in the most recent U.S. News and World Report America's Best Hospitals America's Best Hospitals Media & health An annual 'report card' on the quality of care received in US hospitals published by US News & World Report, that is either proudly quoted by those who are rated or dismissed by those who are not  list, and awarded the 13th annual National Quality Healthcare Award in 2006. According to CEO Dr. Gary Gottlieb: "What I find most powerful about the BSC framework is the ability to show all the key metrics to a wide range of audiences - like my department Chairs - so that they know what are the important goals and measures to track. We have adopted total transparency of the BSC system with our Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors.  - giving several members direct VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks.  access to the system from their homes. We also incorporate 'live' review of key service, safety, and efficiency metrics in the BSC system into the monthly Board-level quality committee, and subsequently bring a summary of these measures to the full Board each quarterC* Although it is impossible to tease out cause and effect from almost any performance management system, I do praise our BSC system for helping to create a culture of data transparency and increased accountability."

About Palladium Group, Inc.

Palladium Group, Inc., is helping the world's leading organizations execute strategy by linking strategy management to operational processes, structure and technology. Palladium offers its clients services in Strategy Management, Process Management, Financial Management, Human Capital, and Information Management. Palladium's highly recognized Strategy Execution Model enables organizations in financial services, life sciences, manufacturing, retail and utilities & energy to benefit from effective strategy execution that results in improved financial results and shareholder value. Headquartered in Lincoln, Mass., Palladium has 10 U.S. offices and international offices in Barcelona, Lisbon, London, Madrid, Munich and Sydney, with an additional nine affiliates throughout Europe, Latin America and Asia-Pacific. Balanced Scorecard Collaborative, Palladium's education, advisory and research division, manages the BSC Hall of Fame and Office of Strategy Management program. Since its formation in 2005, Palladium has signed more than 185 new customers, giving the company over 550 customers worldwide. For more information, visit www.palladiumES.com.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
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Date:Oct 11, 2006
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