CIMA Strategic Scorecard
CIMA (the Chartered Institute of Management Accountants) and the HfMA (Healthcare Financial Management Association) have formed a development partnership in order to promote and implement the CIMA Strategic Scorecard™ within the UK National Health Service (NHS).
In recent years, there has been a growing tide of opinion that organisations, in both the public and private sectors, need to focus more on strategic issues. However, NHS boards have become increasingly swamped by government initiatives and policy compliance, which can push strategy down the agenda. The CIMA Strategic Scorecard™ is a business tool developed to help all boards address their individual strategic issues and provide structure and processes to deal with them effectively. This partnership will help rebalance the focus towards strategy in the NHS.
The CIMA Strategic Scorecard™ is four-dimensional and focuses on an organisation’s Strategic Position, Strategic Options, Strategic Implementation and Strategic Risks. It has been designed to allow boards an overview of their organisations’ strategic processes and to provide information in a consistent and summarised format that assists them in identifying key points at which they need to take decisions.
To download an Executive Summary of the product click here.
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Ask a typical board member why they took on the role and what gives them most satisfaction,there is a good chance that they will talk about getting involved in strategy and bringin...
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In recent years, major corporate scandals have meant that company boards have had to turn their attention to internal issues and the need to comply with new governance rules. Compa...
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The CIMA Strategic Scorecard™ was developed in response to the key findings that emerged from a project led by the International Federation of Accountants (IFAC) and CIMA to develo...
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The scorecard is a pragmatic and flexible tool that is designed to help boards to fulfil their responsibilities to contribute to and oversee strategy effectively. It is important t...
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The CIMA Strategic Scorecard™ and the balanced scorecard differ in the way that they are used at other levels of the organisation. The CIMA Strategic Scorecard™ is primarily a high...
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To find out more about how HCS can help your organisation contact:
Alison Myles...
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