MIKE HIGGINS & ASSOCIATES, INC.


 

  How "STAKEHOLDERS" Works

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Enter KPIs and Baseline Values on Balanced Scorecard...

The minimum level of expectations, or baseline, is precisely quantified and entered on the scorecard. This is important because it clearly defines the growth, profit, quality and productivity standards to all employees.

Performance in excess of baseline leads to improvement in profitability and subsequently increases the reward pool. This direct relationship between financial performance and the size of the reward pool educates employees how the organization makes money.