Washington, DC (PRWEB) October 1, 2008
Over 65 nonprofit executives from the Washington, DC metro area convened last week to hear Dr. David P. Norton, developer of the Balanced Scorecard concept and author of five best selling Harvard Business School Press books, discuss how the Balanced Scorecard can help public and social sector organizations build capacity to execute strategy.
The event was hosted by Ascendant Strategy Management Group, a consultancy focused on helping nonprofit organizations increase their impact through performance management and measurement. Bill Blacquiere, CEO of Bethany Christian Services, observed:
"The Balanced Scorecard is a remarkable tool that has transformed our organization. It's allowed us to focus on what's important and align our programs with our strategy. I'm excited to see so many of my peers learning more about the scorecard."
At the breakfast presentation, Dr. Norton discussed how the Balanced Scorecard performance management system has been used at organizations like Fulton County Schools, the Economic Development Administration and the American Diabetes Association.
Thomas Bognanno, President and CEO of Community Health Charities of America, remarked, "The Balanced Scorecard is a reliable tool to help validate your strategy and measure outcomes. Wrong strategy in good times is expensive. In challenging economic times it is a matter of survival. It's proven to be an invaluable tool that has helped me lead and manage complex organizations."
The Balanced Scorecard was first developed in 1992 by Drs. Norton and Kaplan and was first applied to the nonprofit space by Laura Downing, one of the founders and managing partners of Ascendant.
Ms. Downing commented, "The Balanced Scorecard is based on a simple premise: measurement matters. By helping organizations align their measurement systems with their management systems, the Balanced Scorecard helps organizations focus on long-term strategy. We're seeing the Balanced Scorecard as a natural response to the increasing demand for transparency in the social sector."
Ascendant brings together industry-leading experience in nonprofit performance management. It offers its' nonprofit and public sector clients independent and strategic advice to help them develop performance management systems to drive breakthrough strategic results.
To learn more about Ascendant's Nonprofit Leadership Breakfast series, or about how Ascendant can help your organization align its operations to strategy, please contact us at (617) 379-0918 or info @ ascendantsmg.com.
Ascendant Strategy Management Group helps nonprofits, agencies, associations, and foundations manage strategy, collaborate with stakeholders, and build communities around their strategy execution efforts. We offer Balanced Scorecard and performance management training, facilitation, and consulting to help organizations accelerate mission results. For more information, visit Ascendant online at http://www.ascendantsmg.com.