What Is Oracle Scorecard and Strategy Management?

Oracle Scorecard and Strategy Management is a performance management tool that lets you describe and communicate your business strategy.

You can drive and assess your corporate strategy and performance from the top of your organization down, or from the bottom up.

Oracle Scorecard and Strategy Management also enables you to either align your objectives and initiatives with traditional balanced scorecard perspectives, or to create your own to reflect your fundamental business competencies. See What Is a Balanced Scorecard?

Use Oracle Scorecard and Strategy Management to:

Simultaneously define the objectives (that is, goals such as Decreased Operational Costs) and initiatives (that is, processes or tasks such as Form Cost Minimization Team) that form your strategy to which you assign KPIs to measure progress and performance. For more information on:
- Objectives, see What Are Objectives?
- Initiatives, see What Are Initiatives?
- KPIs, see Using KPIs and KPI Watchlists
Align objectives and initiatives with customized or traditional perspectives (fundamental business competencies and areas such as finance or customer relations). This later enables you to depict the extent to which corporate strategy supports these perspectives. See What Are Perspectives?
Define target numeric ranges to evaluate the values of KPIs within corporate or department-level objectives and initiatives. See Define Assessment Mappings for Scorecards
Graphically communicate strategy and strategic dynamics using strategy maps, cause & effect maps, custom views, and strategy trees. See:
Discuss the implementation and status of objectives and initiatives by adding, reading, and replying to comments. See About Comments.

Because you use KPIs in scorecards to measure progress and performance over time, you should include appropriate time dimensions when defining KPIs to be used within scorecards. For information on time dimensions, see your administrator.