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DESCRIPTION
Value Mapping is a Performance Measurement and Performance Management framework developed by Andrew Jack to overcome management and employee dissatisfaction with existing Performance Measurement and Management frameworks.
Whereas traditional frameworks (e.g. Balanced Scorecard, EFQM Excellence Model) derive performance measures from strategy, Value Mapping derives measures from stakeholder and organizational needs. It also focuses on driving true value for the organization, by deriving measures tied to Value Drivers and Value Outcomes.
Value Mapping uses a pictorial way of integrating the most useful performance measures, which helps employees to reconnect themselves to their performance. It identifies the most important value required by the stakeholders and then develops a strategy to integrate it. Value Mapping also focuses on effective communication and assets that can create greater value to drive performance.
There is a great need for organizations to report more effectively on the creation of value for their stakeholders. Value Mapping helps with this.
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Source: Best Practices in Performance Management, Value Creation, Key Performance Indicators, Value Mapping, Value Drivers PowerPoint Slides: Value Mapping PowerPoint (PPT) Presentation, PPT Lab
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