Case Study - Consumer Products Company
A $3 billion global consumer products corporation experienced external pressure to increase shareholder value. To achieve increased shareholder value the company wanted to address the total performance of all operating companies by developing and implementing Balanced Business Scorecards
Challenge
- Create understanding of Balanced Scorecard concept and its relation to shareholder value creation
- Create understanding of the strategic issues facing each company and the relation to the corporate objective of increasing shareholder value
- Determine how to measure and monitor the progress of the strategies set out by the operating companies in alignment with the corporate strategic objectives
Results
- Realignment of the strategic initiatives and priorities of resource allocation of all operating companies with the defined shareholder value objectives
- Realization of more relevant and accurate performance feedback to executives and managers in a timely manner
- Development of a performance management foundation for improved planning and budgeting