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Balanced Scorecard - fostering learning organizations towards achieving strategic results: a case study of an oil PSU in India
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Balanced Scorecard - fostering learning organizations towards achieving strategic results: a case study of an oil PSU in India
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Journal Article
Balanced Scorecard - fostering learning organizations towards achieving strategic results: a case study of an oil PSU in India
2012
Overview
Purpose - This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.Design methodology approach - This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.Findings - Organizations compete to succeed in a continuously changing business scenario. It is obvious that as an organization, they need to learn continuously, develop their competencies and adapt to the changes in business environment, thus becoming a learning organization. However, it is important that the individual and collective learning of the organization is such that it contributes to accomplishing strategic business results and the organization's vision. This can be achieved through the Balanced Scorecard as it clearly highlights in the \"Learning & Growth\" perspectives, the competencies and organizational capabilities that need to be built. The Balanced Scorecard thus links the learning endeavors of the organization with its strategy and vision.Practical implications - The paper provides strategic insights and practical thinking that have influenced some of the world's leading organizations.Originality value - The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to digest format.
