How to increase profit by due to the approach of management by

objectives

Elgun Seyidov

Balanced scorecardO The balanced scorecard is a 

strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

Balanced scorecard

Perspectives

1. The Learning & Growth Perspective

2. The Business Process Perspective

3. The Customer Perspective4. The Financial Perspective

The Learning & Growth Perspective

The Business Process Perspective

The Customer Perspective

The Financial Perspective

Strategy Mapping

1) We put the long-term goals

1. Finance - increase profits2. Customers - to distinguish this

group of clients, analyzing - what services and products they can offer our company.

3. Processes - examine the need for the company's processes

4. Staff - to figure out in what employees now and in the future the company needs

2) Identifies key business issues

O It is necessary to identify the main obstacles to the development of the company - including a one-time or system complexity.

3) Problems of change in purpose - ways to increase profits

O Do not say "we should not reduce the sale," and use more motivational revolution "during the year should go to such and such a revolution."

4) Analyze the possible negative scenarios

O It is necessary to anticipate the possible negative consequences for various decisions.

5) Algorithm achieve goals - increasing profits at the company

O You must understand - who, when and what actions to perform??

6) Changing the organizational structure in accordance with the light of the objectives tree

O The Company's structure is adapted to the established strategy, allocate tasks and objectives approved by department.

7) Algorithm to achieve performance

O As ultimate goals, you need to set breakpoints at various intermediate stages, which need to proceed gradually. The ultimate goal - reduce the year repeated calls to zero and define the intermediate points.

8) Changing the system of motivation

The ENDO CeyhunO MuradO Elgun