Central Department

Posted by laurapayne on Sep 18, 2016 in News |

The cascading leads to increase the quality of the strategic management in all scheduled units towed to the stage of cascading means not only the introduction to the practice of regular units of the company and thus getting the benefits of the common understanding of the strategy and monitoring, which is implemented in some places. The cascading leads to an increase of the quality of strategic management in all regular units towed to because the objectives and the strategic events from the parent departments in the BSC of the below scheduled units can be consistently passed, which is a vertical integration of targets. This increases the likelihood that the strategic goals of the whole enterprise or of major business divisions will be achieved. The objectives and the strategic events for the subdivisions of a level of the hierarchy can be better arranged thanks to the BSC as a means of communication, It is a horizontal integration of the objectives. In the Bank, which serves individual customers and the companies, it was particularly important consistently align the BSC of the internal Service Department of IT on the BSC of the same hierarchical subdivisions of individual customers and companies.

In cascading, there are many variations of the vertical and horizontal agreement of objectives and the strategic events. The cascading was first performed for many Central functional divisions of the companies. The starting point for such work was the balanced scorecard (on the BSC by companies). The strategic conception of the planned unit served as an important basis. The strategies of other functional subdivisions can ask to the strategy of the structural outline and it is also necessary to consider this aspect. The strategic concept and the requirements of other systems of BSC serve as the basis for the compilation of the balanced scorecard of this or that functional outline Society. The later presented algorithm is considered as an example of the Central Department of logistics.

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