Palladium Balanced Scorecard Hall of Fame for Executing Strategy Inducts Five Organizations

June 8, 2011 - PRLog -- LONDON AND BOSTON, MA – 8 JUNE 2011 – Palladium Group, Inc., the global leader in helping organizations solve their most pressing strategy execution challenges, today named five top-performing organizations to the Palladium Balanced Scorecard Hall of Fame for Executing Strategy®:  Abu Dhabi Food Control Authority, Akbank, Y K Almoayyed & Sons, Dubai Aluminum, and Dubai Police.

The award recipients were honored for their breakthrough business results during today’s Hall of Fame award presentation ceremony at the 2011 Palladium EMEA Summit in London.

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 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. “Organizations committed to creating value for their stakeholders—whether public or private—are continually challenged to deliver performance results,” said Robert L. Howie, Jr., Chief Marketing Officer of Palladium and Director of the Hall of Fame program. “Organizations using the Palladium Kaplan-Norton strategy execution approach are more likely to achieve premium returns.”

Founded in 2000, the Palladium BSC Hall of Fame program today has a roster of 158 honorees—including the FBI, Merck & Co., Hindustan Petroleum, Infosys Technologies, Millipore Corporation, Motorola, 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 is the global leader in helping organizations solve their most pressing strategy execution challenges. We provide our clients with an integrated set of services—strategy and technology consulting, education, training, and certification—that deliver tangible results and enduring internal capabilities. The benefits of our approach are demonstrated through the Palladium Balanced Scorecard Hall of Fame for Executing Strategy® which recognizes organizations that have achieved premium returns through outstanding execution. Visit www.thepalladiumgroup.com.