Balanced Scorecard Collaborative Launches HR Action Working Group.Business Editors LINCOLN, Mass.--(BUSINESS WIRE)--Dec. 13, 2000 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, Inc. today announced that it has launched the HR Balanced Scorecard Action Working Group. Designed to advance the practice of human capital measurement and management, world-renowned HR experts, thought leaders, consultants, and SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. (a major software company) will work with client companies to enhance and test emerging theory and translate results into new tools for improved organizational performance Organizational performance comprises the actual output or results of an organization as measured against its intended outputs (or goals and objectives). Specialists in many fields are concerned with organizational performance including strategic planners, operations, . This action working group (AWG (American Wiring Gauge) A U.S. measurement standard of the diameter of non-ferrous wire, which includes copper and aluminum. In general, the thicker the wire, the greater the current-carrying capacity and the longer the distance it can span. ) is expected to bring new insight to the relationship between an organization's investment in human capital and its overall market value. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Balanced Scorecard Collaborative co-founder and president Dr. David Norton, "It is increasingly clear that intangible assets such as human capital are largely responsible for much of an organization's value. Thus, we are embarking on an exploration designed to accomplish three objectives. They are: develop a measurement system that defines the role of intangible human assets in creating value; define the role of the new HR organization; and develop specifications for HR programs needed to make strategy everyone's job. We are ultimately seeking to provide a framework to reinvent the HR function for organizations in the emerging knowledge-based economy." The HR Balanced Scorecard AWG includes a series of three workshops held over a six-month period led by renowned thought leaders recognized as experts in their fields: Drs. Robert Kaplan and David Norton, creators of the Balanced Scorecard framework, and Drs. Brian Becker, Mark Huselid and Dave Ulrich, co-authors of The HR Scorecard: Linking People, Strategy and Performance (forthcoming from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. Press, Spring, 2001). The draft of this book will serve as the workbook for the Action Working Group. Between these sessions the core team will work closely with member organizations to design, prototype, and implement scorecard templates customized to measure the strategic value of human capital. The AWG will begin its work based on two proven concepts: the Balanced Scorecard (Kaplan and Norton) and HR Champions (Dave Ulrich). SAS Institute is the exclusive technology partner for the AWG. Other sponsors include: Allstate Insurance, Alterra Health Systems, AstraZeneca Pharmaceuticals, AT&T, Bonneville Power Administration The Bonneville Power Administration (BPA) is a U.S. self-financed federal agency which transmits and sells wholesale electricity in Washington, Oregon, Idaho, and western Montana. The BPA is part of the U.S. Department of Energy, and is headquartered in Portland, Oregon. , Fannie Mae Fannie Mae: see Federal National Mortgage Association. , Ford, Nationwide Financial, NuSkin, Pfizer, Quantum Corporation, Saatchi & Saatchi, Scudder Kemper, Verizon, and Williams Companies. Participants in the program will implement the concepts developed in the AWG and share results and other findings with all members. A few seats are still available for qualified organizations that wish to participate. Contact Todd D'Atomma or Randall Russell at the Balanced Scorecard Collaborative to learn more. About Balanced Scorecard Collaborative Balanced Scorecard Collaborative, Inc. (BSCol) is a new kind professional services firm that facilitates the worldwide awareness, use, enhancement, and integrity of the Balanced Scorecard as a value-added management process. Founded and led by the creators of the Balanced Scorecard concept, Drs. Robert Kaplan and David Norton, BSCol provides Strategy-Focused Organization and Balanced Scorecard excellence through consulting, conferences, training, publishing, consortia, certification, partnerships and online services that deliver know-how to global audiences. For more information, please call us at 781.259.3737, or visit us on the web where you can join Balanced Scorecard Online(TM) free for the latest insight and resources at http://www.bscol.com About the Balanced Scorecard The Balanced Scorecard (BSC (Binary Synchronous Communications) See bisync. ) is a framework for creating Strategy-Focused Organizations. The BSC helps to describe, implement, and manage strategy at all levels of an enterprise by linking objectives, initiatives, and measures to an organization's strategy. The scorecard provides an enterprise view of an organization's overall performance by integrating financial measures with other key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. around customer perspectives, internal business processes, and organizational growth, learning, and innovation. Since the concept was introduced by Drs. Robert Kaplan and David Norton in 1992, BSCs have been implemented at corporate, business unit, shared services shared services, n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. , team, and individual levels at hundreds of private and public sector organizations worldwide. The BSC has been the subject of four articles in 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 , more than 150 articles in business publications, two best-selling business books (now in 18 languages), numerous Harvard Business School case studies, and public conferences around the world. 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