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"This title is a guide to how an organization can create competitive advantage by successfully executing strategy and accelerating performance." (Accountancy Ireland, October 2010)
Product Description
Created in Excel, balanced scorecards enable you to monitor operations and tactics, while operational dashboards is a set of indicators regarding the state of a business metric or process—both features are in high demand for many large organizations. This book serves as the first guide to focus on combining the benefits of balanced scorecards, operational dashboards, performance managements, and data visualization and then implement them in Microsoft Excel.
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Most Helpful Customer Reviews
7 of 7 people found the following review helpful
Format:Paperback
As an advanced Excel user, I have been looking for a book on Excel that actually taught me something. I have developed Balanced Scorecards in the past and with my current professional focus being board level reporting for a portfolio of operational projects, the subject matter of this book was of interest for a number of reasons.
The book provides guidance towards developing your own Balanced Scorecards, helping you to work out what you need to report, before moving into the domain of handling data and creating charts and tables. I am excited by the discovery of the concept of operational dashboards, this has enabled me to develop some of the ideas that I had developed alone and not quite known how. I have instantly changed the way I use Excel to handle data, using methods and functions that are far more robust, and critically - easily scalable. The Micro-Chart function, a recommended Add-In, is excellent, well worth the cost and will transform the presentation of reports.
Overall, this book is highly recommended if you want to take your reporting to a higher level, critically if you want to produce `apparently' simple reports (ie. That look simple but present a lot of clear and useful information) to aid decision making.
The book provides guidance towards developing your own Balanced Scorecards, helping you to work out what you need to report, before moving into the domain of handling data and creating charts and tables. I am excited by the discovery of the concept of operational dashboards, this has enabled me to develop some of the ideas that I had developed alone and not quite known how. I have instantly changed the way I use Excel to handle data, using methods and functions that are far more robust, and critically - easily scalable. The Micro-Chart function, a recommended Add-In, is excellent, well worth the cost and will transform the presentation of reports.
Overall, this book is highly recommended if you want to take your reporting to a higher level, critically if you want to produce `apparently' simple reports (ie. That look simple but present a lot of clear and useful information) to aid decision making.
5 of 5 people found the following review helpful
Format:Paperback
The title of the book immediately caught my eye as I am currently in the process of creating my first BSC for my organisation. This is an excellent reference book that, especially for debutant BSCers (albeit with years of experience with using Excel nonetheless) such as myself, provides the why, what and hows of the BSC in addition to the who (can make it happen) and when.
For me the most valuable part of the book is that before launching into how to design the BSC in using Excel, the author first of all sets the context as to why creating the BSC is important and the resources you need (genuine stakeholder/senior management commitment/mission statements/vision statements/organisational plans etc) as the bare minimum on which to start the process. From there, it's up to the reader to then make of it what they will.
The book has provided me with the not only the practical knowledge of how to use particular techniques, but also the theoretical underpinning in order to make whatever is included within our company's BSC meaningful and purposeful.
Now when I talk to stakeholders about our BSC, the conversations have more meaning about what objectives we are trying to acheive and who owns which part of the process, as well as the confidence to question the most senior stakeholders what exactly is it they want in order to make sure that the efforts made to get the data (which may involve new processes and take time to produce) worthwhile.
Further, the book is littered with words of wisdom and references to the creators of the BSC (Kaplan & Norton) and other management luminaries such as Peter Drucker.
All in all a very useful and interesting read and comes as highly recommended. MW.
For me the most valuable part of the book is that before launching into how to design the BSC in using Excel, the author first of all sets the context as to why creating the BSC is important and the resources you need (genuine stakeholder/senior management commitment/mission statements/vision statements/organisational plans etc) as the bare minimum on which to start the process. From there, it's up to the reader to then make of it what they will.
The book has provided me with the not only the practical knowledge of how to use particular techniques, but also the theoretical underpinning in order to make whatever is included within our company's BSC meaningful and purposeful.
Now when I talk to stakeholders about our BSC, the conversations have more meaning about what objectives we are trying to acheive and who owns which part of the process, as well as the confidence to question the most senior stakeholders what exactly is it they want in order to make sure that the efforts made to get the data (which may involve new processes and take time to produce) worthwhile.
Further, the book is littered with words of wisdom and references to the creators of the BSC (Kaplan & Norton) and other management luminaries such as Peter Drucker.
All in all a very useful and interesting read and comes as highly recommended. MW.
5 of 5 people found the following review helpful
Format:Paperback
The Balanced Scorecards & Operational Dashboards delivers exactly what the title says. This is a great book, and it's amazing how well the author managed to embrace the theory down to the formula in Excel. During this journey Ron walks you through many very interesting topics such as strategic maps and underpinning tools, guidance in facilitating vision workshops and lots of useful ways to build strategies - and how to implement them.
Furthermore there are many useful links and ideas. Normally the downsides always exist but in this case I having trouble finding any. This will book will be an important part of my work with BSC.
Furthermore there are many useful links and ideas. Normally the downsides always exist but in this case I having trouble finding any. This will book will be an important part of my work with BSC.
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Most Recent Customer Reviews
Excellent Book
I purchased this book because I am a jobseeker with a background in Loss Prevention, which involved a lot of data analysis and reporting to the tall chairs upstairs. Read more
Published 1 month ago by Stephen Maher
Excellent
The book is indeed a valuable must have for any accountant or management consultant as It gives a multidimensional view of the business in a simple, practical and succinct way. Read more
Published 11 months ago by Andrew
Good enough to get into BI world
If you are looking for a general picture of the BI world and Excel capabilities then this is the right book. Read more
Published 21 months ago by michaelsamba
A Very Worthwhile Purchase
This book provides a comprehensive overview of the subject. It also has excellent 'work-through' examples of various techniques which can be used in Microsoft Excel when developing... Read more
Published on 23 Sep 2009 by Paul J. Travers
Consolidation of advances made on this subject in recent years
I liked this book. having bought several on the subject, I found this incorporated the information and techniques introduced over the past few years and then some. Read more
Published on 19 Feb 2009 by Philip Adams
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