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.

Use Oracle Scorecard and Strategy Management to:

• Simultaneously define the objectives (that is, goals such as Decreased Time to Hire) and initiatives (that is, processes or tasks such as Train Hirning Managers to Streamline the Interview and Hire Process) that form your strategy to which you assign KPIs to measure progress and performance. For more information on:

  • Objectives, see "Objectives"

  • Initiatives, see "Initatives".

  • KPIs, see KPIs and KPI Watchlists.

• Align objectives and initiatives with customized or traditional perspectives . This later enables you to depict the extent to which corporate strategy supports these perspectives. For information on perspectives, see "Perspectives".

• Define target numeric ranges to evaluate the values of KPIs within corporate or department-level objectives and initiatives. For more information, see "Assessment Mappings".

• Graphically communicate strategy and strategic dynamics using strategy maps, cause effect maps, custom views, and strategy trees. For more information, see:

  • "Strategy Trees"

  • "Strategy Maps"

  • "Cause Effect Maps"

  • "Custom Views"

• Discuss the implementation and status of objectives and initiatives by adding, reading, and replying to comments. For information on comments, see "Comments".

Note: Because you use KPIs in scorecards to measure progress and performance over time, best practice is to include appropriate time dimensions when defining KPIs to be used within scorecards.