Symbiosis is a strategy formulation & execution thought leader leveraging the Balanced Scorecard framework.
Globally, less than 10% of strategies formulated are effectively executed. The challenge most companies face is to have a robust and balanced strategic management system. The BSC operationalizes the vision and creates a system of linked Objectives, Measures, Targets, and Initiatives to help companies effectively execute their strategy. The Scorecard can be cascaded down into business divisions at operational levels to create an enterprise-wide Performance Management System
Symbiosis has completed over 100 Balanced Scorecard projects across industry sectors, thus deepening its Scorecard knowledge in addition to integrating sector knowledge into scorecard designs. Many of these projects have significantly improved the financial and operating performance of many of its clients.
Balanced Scorecard Automation using the Accelerator
Leveraging experience in developing 100 scorecards across industries globally, Symbiosis BI division has developed one of the world’s most innovative Balanced Scorecard (BSC) automation solutions – BSCTraker. The Tracker designed by Balanced Scorecard thought leaders (not MIS experts) allows for a rapid automation of a firm’s BSC to improve the quality of its reporting and the overall success of a BSC program to drive performance.
It is IT lean mobile, in-the-cloud and can be implemented easily. The Accelerator also includes a dictionary of pre-defined performance measures across industry sectors, allowing a client to leverage Symbiosis knowledge of the art and science of performance measurement unique to each industry to ensure the best measures are being selected to drive performance. The solution manages not only multiple enterprise scorecards, but can also manage individual scorecards or IPMs.