HARMONY BETWEEN PERSONAL AND COMPANY OBJECTIVES

Personal Balanced Scorecard (PBSC) implementation

Customer needs

Business +200M euro yearly turnover

Our client aimed to elevate employee motivation and engagement to the next level, aligning with both company objectives and the personal goals of each member of the management team. The company operates in the automotive industry and has a strong lean culture.

Implementation

To ensure this harmony, CMI proposed implementing the PBSC (Personal Balanced Scorecard): The Personal Balanced Scorecard consists of mission, vision, essential roles, objectives, performance indicators, and improvement actions. All these elements are distributed across four dimensions: financial aspect, external customers; internal processes, and knowledge and learning.

To achieve professional goals, there is a need for balance and harmony between personal and professional life, with the PBSC being a tool that supports this aspect. Therefore, its implementation (at least within the top management team) is essential for reaching the highest level of excellence.

As a personal element, its application was successful through the creation of a framework. The methodology was presented in a training session, with individual time allocated for each participant to define elements such as mission, vision, objectives, actions, etc. All team members were guided to define their PBSC individually. The activity was optional and had a personal character; each participant decided whether or not to apply it.

Following up on these programs, coaching sessions were conducted with highly specialized consultants

Outcomes

Personal Balanced Scorecard (PBSC) has several benefits for individuals and organizations, including:

  • Clarity and direction: PBSC helps individuals clarify their personal and professional goals and set a clear direction for development and success.
  • Alignment: PBSC facilitates alignment of individual goals with organizational objectives, ensuring that each team member contributes to achieving the company’s vision and goals.
  • Evaluation and monitoring: By defining objectives and performance indicators within PBSC, individuals can evaluate and monitor their progress over time and quickly identify areas needing improvement.
  • Motivation and engagement: PBSC can increase employee motivation and engagement as they feel involved in setting their own goals and are more motivated to achieve them.
  • Personal and professional development: PBSC provides a structured framework for personal and professional development, allowing individuals to identify and prioritize areas where they want to improve their skills and knowledge.
  • Work-life balance: By including aspects related to personal life in PBSC, individuals can better balance their personal and professional lives and set priorities accordingly.