BUY WITH CONFIDENCE
BENEFITS OF DOCUMENT
DESCRIPTION
The document is a powerful tool that helps the global miner develop an integrated enterprise performance management strategy with the potential to boost the client's financial performance substantially by improving decision-making.
The Mining Strategic Performance Management process consists of the following elements:
• Environmental scanning
• Strategy formulation
• Strategy implementation
• Evaluation and control.
Environmental scanning is the monitoring, evaluating, and disseminating of information from the external and internal environments to key people within the mining company.
Its purpose is to identify CSF (Critical Success Factors) that help managers design various types of performance metrics, for instance KPIs (Key Performance Indicators), KEIs (Key Environment Indicators)&, KRIs (Key Risk Indicators). The simplest way to conduct environment scanning is through SWOT analysis, that incorporate boths competitive advantage SC (Strategic Capabilities: Strenghts & Weaknesses) and KSF (Key Success Factors: Opportunities & Threats).
Rather than evaluate a mining company using few financial measures, this document provides a Mining Balanced Scorecard that includes tangible measures, as well as intangible assets, such as learning & growth, risk management environment management, and internal mining process management. These perspectives are summarized in a Mining OpEx (Operational Excellence) through a lean mining approach.
This strategy has the potential to move the client forward in its journey to achieve high performance.
Got a question about the product? Email us at support@flevy.com or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Mining Industry PDF: Mining Balanced Scorecard. From strategy to execution. PDF (PDF) Document, Youssef AIT AKKI
OVERVIEW
ABOUT THE AUTHOR
Have in-depth knowledge and experience in strategy execution, implementing Performance Plans, Balanced <scorecards, Lean
Management, Lean Manufacturing, Lean Supply Chain, Six Sigma, World Class Manufacturing (WCM) and Quality Management System (QMS) into production processes, supply chains and other areas and service industries.
Ask the Author a Question
Mining Industry Integrated Financial Model Strategy Development Growth Strategy Breakout Strategy Lean Management/Enterprise Process Improvement KPI Valuation Model Example Sales Quality Management & Assurance Consulting Training Consulting Frameworks Strategy Development Example Balanced Scorecard Value Chain Analysis Business Framework PowerPoint Diagrams Porter's Five Forces Financial Modeling Business Case Development Cost Reduction Assessment Six Sigma Project Visual Workplace Process Analysis Poka Yoke Cost of Quality Company Analysis
Download our FREE Strategy & Transformation Framework Templates
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more. |