Putting the balanced scorecard to work

Use[ edit ] Balanced scorecard is an example of a closed-loop controller or cybernetic control applied to the management of the implementation of a strategy. Such control requires three things to be effective: Kaplan in conjunction with US management consultancy Nolan-Norton, [10] and during this study described his work on performance measurement. Norton included anonymous details of this balanced scorecard design in a article.

Putting the balanced scorecard to work

Triple bogey three strokes over par In a typical professional tournament or among "scratch" amateur players, "birdie-bogey" play is common; a player will "lose" a stroke by bogeying a hole, then "gain" one by scoring a birdie.

Lausannecongress2018.com: Customer reviews: The Balanced Scorecard : Translating Strategy into Action

Eagles are uncommon but not rare; however, only 18 players have scored an albatross in a men's major championship. Basic forms of golf There are two basic forms of golf play, match play and stroke play.

Stroke play is more popular. Match play Two players or two teams play each hole as a separate contest against each other in what is called match play. The party with the lower score wins that hole, or if the scores of both players or teams are equal the hole is "halved" or tied.

The game is won by the party that wins more holes than the other. In the case that one team or player has taken a lead that cannot be overcome in the number of holes remaining to be played, the match is deemed to be won by the party in the lead, and the remainder of the holes are not played.

Putting the balanced scorecard to work

At any given point, if the lead is equal to the number of holes remaining, the party leading the match is said to be "dormie", and the match is continued until the party increases the lead by one hole or ties any of the remaining holes, thereby winning the match, or until the match ends in a tie with the lead player's opponent winning all remaining holes.

When the game is tied after the predetermined number of holes have been played, it may be continued until one side takes a one-hole lead. Stroke play is the game most commonly played by professional golfers. If there is a tie after the regulation number of holes in a professional tournament, a playoff takes place between all tied players.

Playoffs either are sudden death or employ a pre-determined number of holes, anywhere from three to a full In sudden death, a player who scores lower on a hole than all of his opponents wins the match. If at least two players remain tied after such a playoff using a pre-determined number of holes, then play continues in sudden death format, where the first player to win a hole wins the tournament.

Other forms of play The other forms of play in the game of golf are bogey competition, skins, 9-points, stableford, team play, and unofficial team variations. Bogey competition A bogey competition is a scoring format sometimes seen in at informal tournaments. Its scoring is similar to match play, except each player compares their hole score to the hole's par rating instead of the score of another player.

The player "wins" the hole if they score a birdie or better, they "lose" the hole if they score a bogey or worse, and they "halve" the hole by scoring par.

By recording only this simple win-loss-halve score on the sheet, a player can shrug off a very poorly-played hole with a simple "-" mark and move on. As used in competitions, the player or pair with the best win-loss "differential" wins the competition.

Skins What's known as the skins game is a variation on the match play where each hole has an amount of money called "skin" attached to it. The lump sum may be prize money at the professional level the most famous event to use these rules was the " LG Skins Game ", played at Indian Wells Golf Resort in California untilor an amount wagered for each hole among amateur players.

The player with the lowest score on the hole wins the skin for that hole; if two or more players tie for the lowest score, the skin carries over to the next hole.

The game continues until a player wins a hole outright, which may and evidently often does result in a player receiving money for a previous hole that they had not tied for.

If players tie the 18th hole, either all players or only the tying players repeat the 18th hole until an outright winner is decided for that hole—and all undecided skins. The player with the lowest score on a hole receives five points, the next-lowest score 3 and the next-lowest score 1. Ties are generally resolved by summing the points contested and dividing them among the tying players; a two-way tie for first is worth four points to both players, a two-way tie for second is worth two points to both players, and a three-way tie is worth three points to each player.Putting the Balanced Scorecard to work can be quite a challenge..

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Executive Summary. The South African Qualification Authority Act of defines an education and training provider as: A body which delivers learning programmes which culminate in specified National Qualification Framework standards and/or qualifications, and manages the assessment thereof.

Request PDF on ResearchGate | Putting the Balanced Scorecard to Work | In this article Robert S. Kaplan and David P. Norton report on the Balance Scorecard. Before the Balanced Scorecard companies.

The Balanced Scorecard as a Performance Management Tool for Third Sector Organizations: the Case of the Arthur Bernardes Foundation, Brazil. lausannecongress2018.com A R T I C L E Putting the Balanced Scorecard to Work by Robert S. Kaplan and David P.

Norton Included with this full-text Harvard Business Review.

Putting the Balanced Scorecard to Work: 11 Great Tips | lausannecongress2018.com