CorVu Corporation Supports the Balanced Scorecard Collaborative's Standardization and Guidelines.MINNEAPOLIS--(BUSINESS WIRE)--Dec. 7, 1999-- CorVu Strategy Aligns With 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 Solution Standardization standardization In industry, the development and application of standards that make it possible to manufacture a large volume of interchangeable parts. Standardization may focus on engineering standards, such as properties of materials, fits and tolerances, and drafting and Certification Process Announced by Balanced Scorecard Collaborative, Inc. Continuing its commitment to providing the most comprehensive Balanced Scorecard and Enterprise Business Performance Management solutions, CorVu Corporation announced today its overwhelming support for the Balanced Scorecard Functional Standards(TM) defined September 30th by the Balanced Scorecard Collaborative. As the Balanced Scorecard methodology increases in broad acceptance, CorVu recognizes the importance of a leading third-party accreditation process to validate vendors that tout Tout To promote a security in order to attract buyers. tout To foster interest in a particular company or security. For example, a broker might tout a security to a client in the hope that the client will purchase the security. the baseline standards set forth by Balanced Scorecard developers Dr. Robert Kaplan There are several notable individuals named Robert Kaplan, among them:
CorVu automates the Balanced Scorecard, developed 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. the Kaplan/Norton methodology, as part of CorVu's Enterprise Business Performance Management solution. CorVu's solutions enable customers to define clear missions and desired outcomes, link performance results with the processes that drive those results, align strategy with tactical operations and leverage the value of other IT applications. In keeping with the standards set for by the Balanced Scorecard Collaborative, the CorVu solution: -0- -- Provides a collaborative environment for managers and employees to exchange comments,facilitating communication of strategic vision and initiatives from the boardroom throughout all levels of the organization. -- Integrates quantitative and qualitative, providing managers with the ability to perform more accurate measurements and achieve a better overall assessment of organizational performance. -- Links tactical measures to strategic objectives in a graphical cause-and-effect diagram that provides a strategic roadmap for the organization. -- Supports the six key elements of a Balanced Scorecard; perspectives, objectives, measures, targets, linkages and initiatives. CorVu also offers robust analysis capabilities, allowing users to interactively analyze performance data using graphs, gauges and reports to visually compare actual performance results versus planned targets Targets that are known to exist in an operational area, and against which effects are scheduled in advance or are on-call. Examples range from targets on joint target lists in the applicable campaign plans, to targets detected in sufficient time to list in the air tasking order, and industry benchmarks. "CorVu remains committed to providing the premiere solution to translate corporate data into effective strategic operating decisions and improve information management and reporting," commented Alan Missroon, vice president of marketing, CorVu. "CorVu welcomes the Balanced Scorecard standardization and certification process. We are committing resources to obtain the accreditation of the Collaborative and we are confident that it will confirm our Balanced Scorecard solution as outstanding in the field." About the Balanced Scorecard Dr. Robert Kaplan and Dr. David Norton introduced their business performance methodology called the Balanced Scorecard in their 1992 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 article, "The Balanced Scorecard - Measures that Drive Performance." The Balanced Scorecard recognizes four dimensions that are integral to developing an enterprise view of performance: financial, customer, internal and innovation. Implementing the Balanced Scorecard as a business performance management system enables an organization to translate the mission statement and strategy into specific goals and measurements. These goals and measurements are communicated throughout the entire organization, thus providing a blueprint for how each employee contributes to the success of the organization. About CorVu Corporation CorVu is the leading global provider of Enterprise Business Performance Management and Balanced Scorecard Solutions. Combining OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. query and reporting, executive dashboard alerts, forecasting, and Balanced Scorecard applications, CorVu provides the most complete Enterprise Business Performance Management solution available today. CorVu has U.S. offices in Minneapolis, Atlanta, Boston, Chicago, Cincinnati, Dallas, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , and Washington D.C.; Asia Pacific offices in Sydney, Auckland, Melbourne, Brisbane and Perth; and European offices in London, Munich, Sheffield and Rotterdam. With more than 2100 customers, including companies such as BHP BHP blood hydrostatic pressure; the pressure exerted by the blood cells and plasma in the capillaries. , Datacard, Mincom, Prudential, Johnson & Johnson, Unisys, Ford Motor Company and BF Goodrich, CorVu's Enterprise Business Performance Management and Balanced Scorecard solutions are gaining broad market acceptance. Additional information about CorVu products and services can be found on CorVu's web site at http://www.corvu.com or call (800) 610-0769. |
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