Role of SMO in Scorecard Management Process PPT
This PPT slide, part of the 24-slide SMO Series: Strategy Management Processes PowerPoint presentation, outlines the role of the Strategic Management Office (SMO) in the Scorecard Management process, emphasizing its ownership of the organizational Balanced Scorecard. The overview indicates that the SMO is pivotal in translating updated strategies into actionable objectives during the annual strategy meeting.
The section labeled "ROLE" details specific responsibilities of the SMO. It begins with the SMO leading discussions regarding potential changes to any Balanced Scorecard (BSC) measures, highlighting its influence in strategic decision-making. Following the approval of yearly objectives, the SMO's role expands to coaching the executive team in identifying necessary strategic initiatives aimed at achieving performance targets. This coaching aspect underscores the SMO's function as a facilitator of organizational alignment and focus.
Training is another critical responsibility, where the SMO conducts sessions on the BSC management system. This positions the SMO as a central resource for educating and supporting local project leaders in effectively utilizing the BSC methodology and tools. The appointment of metric owners and data collection personnel is also under the SMO's purview, ensuring that data reporting aligns with organizational goals.
The slide mentions the selection of a BSC software system for data extraction, which indicates a technological component to the SMO's role. Standardization of terminology and measurement definitions across the organization is also emphasized, which is essential for consistency in reporting. Lastly, the SMO's responsibility for maintaining the integrity of reported BSC data is critical, especially in light of potential biases from operating managers. This comprehensive overview presents the SMO as a key player in ensuring effective strategy execution through structured management processes.
This slide is part of the SMO Series: Strategy Management Processes PowerPoint presentation.
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Strategy Deployment & Execution Balanced Scorecard Organizational Alignment Strategy Execution
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