This PPT slide, part of the 35-slide Supercharge Strategy Execution: Performance Scorecard PowerPoint presentation, outlines a structured approach to setting performance targets using a scorecard system. It employs a graded scale from 1 to 5, where 5 represents the highest performance level. The document emphasizes the importance of establishing "stretch" targets that are ambitious yet grounded in historical data, specifically a three-year trend for each performance indicator. This method encourages departments to aim higher while remaining realistic about their capabilities.

Target values should be finalized through discussions involving senior management and relevant department heads. This collaborative approach ensures that targets are aligned with organizational goals and departmental realities. The slide suggests placing ideal target values in a designated column, with exceptions noted for specific circumstances, such as legal mandates or precise budgetary requirements. In these cases, targets should be recorded in a different column to highlight their importance.

The slide also mentions the potential issue of departments providing incomplete data. This could lead to challenges in accurately assessing performance against the set targets. The structured format of the scorecard allows for clear visibility into performance metrics, facilitating better decision-making and accountability across departments.

Overall, this slide serves as a guide for organizations looking to implement a robust performance management system. It stresses the need for clear communication and collaboration in setting targets, ensuring that all stakeholders are aligned and informed. This approach can lead to improved performance tracking and ultimately drive better outcomes for the organization.

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Performance Management Balanced Scorecard KPI Strategy Deployment & Execution