Palladium Balanced Scorecard Hall of Fame Inducts Eight Performance Leaders

Nov. 10, 2010 - PRLog -- LA JOLLA, CA AND BOSTON, MA – NOVEMBER 10, 2010 – Palladium Group, Inc., the global leader in strategy execution consulting, today named eight top-performing organizations to the Palladium Balanced Scorecard Hall of Fame for Executing Strategy®: Cisco Systems, Inc., Culligan Argentina, Mapfre Brazil, Merck & Co., Inc., Boys and Girls Clubs of Puerto Rico, The Hospital for Sick Children, the Federal Bureau of Investigation, and Sociedad Hipotecaria Federal.

The award recipients were honored for their breakthrough business results during today’s Hall of Fame award presentation ceremony at the 2010 Palladium Americas Summit in La Jolla, California.

The Hall of Fame award honors organizations that have achieved execution excellence through the use of the Balanced Scorecard (BSC), the world’s preeminent strategy and performance management system. The BSC is based on the simple premise that “what gets measured is what gets done.” Created by Palladium Group co-founders Drs. Robert S. Kaplan and David P. Norton, the Balanced Scorecard links strategy to operations to drive business outcomes. A recent study published in the journal Advances in Accounting found that organizations “that adopt the BSC significantly outperform those that do not…over a three year period beginning with the year of adoption. These results provide strong evidence that the BSC is an effective strategic management tool that leads to improved shareholder returns.”

The Balanced Scorecard is equally effective in driving results in government and not-for-profit organizations. A focus on performance is critical for any organization, especially during challenging economic times. “While the global economic environment is improving, many organizations, from private companies to government agencies, still face significant challenges,” said Robert L. Howie Jr., Managing Director of Palladium and Director of the Hall of Fame program. “Organizations using the Palladium Kaplan-Norton strategy execution approach are well-equipped to gain the kind of insights needed to capitalize on new opportunities, mitigate risk, and improve organizational performance.”

Founded in 2000, the Palladium BSC Hall of Fame program today has a roster of 153 honorees—including Infosys Technologies, Millipore Corporation, Motorola, Public Service Electric and Gas Company, and Volkswagen do Brasil—that span private and public sectors in more than 20 countries. Winners are selected based on the quality of their BSC implementation and the results they demonstrate over a period of at least two years.

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Palladium Group, Inc. is the global leader in helping organizations execute their strategies. Our expertise in strategy management, performance management, and business intelligence helps our clients achieve an execution premium.