Preview

Veolia Water North America Water Essay

Satisfactory Essays
Open Document
Open Document
440 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Veolia Water North America Water Essay
Balance Score Card implementation at Veolia Water
Sukvinder Singh
Section B
2009 PGP 207

Veolia Water North America is a geographically diverse business, spread across the United States and Canada. It is the leading provider of comprehensive water and wastewater partnership services to municipal and industrial customers, providing services to more than 14 million people in approximately 650 communities. By necessity, the business is very local and in addition to its geographical diversity is also culturally diverse.
In 2008, the company was transitioned to a new CEO. Laurent Auguste who had worked in Japan previously needed a winning strategy with a very high goal of increased revenue. Successful implementation of this strategy was planned through the balanced scorecard process.
Some Veolia Water executives were familiar with the balanced scorecard, as it was used in the Japan office and some had used it at previous companies. At
…show more content…
At Veolia Water, the balanced scorecard was designed to boost organizational performance, break down communication barriers between business units and departments, increase focus on strategy and results, budget and prioritize time and resources more effectively, and help the company better understand and react to customer needs.
After successfully implementing the balanced scorecard in its Business Unit, Veolia Water started integrating the balanced scorecard deeper into its organization, using an e-learning tool developed to train key staff. The e-learning course, a customized version of an e-learning program, consists of six modules that together take no more than an hour to complete. The e-learning course has helped familiarize employees with the balanced scorecard and demonstrate how they contribute to the company’s objectives when they achieve their personal

You May Also Find These Documents Helpful

  • Good Essays

    accounting 460

    • 1241 Words
    • 5 Pages

    5.The purpose of the balanced scored is best described as helping an organization: translate an organization’s mission, vision, and strategy into a set of performance measures that help to implement the strategy.…

    • 1241 Words
    • 5 Pages
    Good Essays
  • Good Essays

    A balanced scorecard is a system used by management to organize the organization and forecast objectives, this system helps the company by providing feedback as to how the four areas that are used to measure the balanced scorecard is doing .These areas are: Financial, Customers , Internal an learning and growth. Shareholder Value or Financial Perspective includes long-term objectives in areas such as:…

    • 1021 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Study performance measurement in companies whose intangible assets played a central role in value creation.…

    • 252 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Strategic Plan Iii

    • 1081 Words
    • 5 Pages

    A balanced Scorecard was circulated by Robert Kaplan and David Norton in 1992. This measures the current performance in the financial terms; the Balanced Scorecard also evaluates the business efforts for the future improvements using the process, customer, and learning and growth metrics. This can signify the balance among short-term objectives and long-term objectives, financial measures and non-financial measures, internal performance and external performance perspectives, and any lagging indicators and leading indicators.…

    • 1081 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The Balanced Scorecard (BSC) would be the best management technique for Google to implement. Though Google is in business to make money, there are a lot of soft features associated with Google that go unaccounted for in every other management technique. Since Google is so human-dependent from the creator of the application to the end-user, it follows naturally that a management technique like the BSC would be most effective. The financial performance should be considered, but the non-financial information like customer satisfaction, efficiency and effectiveness of the internal processes and the learning and growth portions of the BSC are most applicable to the operations at Google. Google’s fate and financial success rest heavily on their human resources. The employees they choose to hire have to be top-notch to keep…

    • 431 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Week 4 Paper

    • 827 Words
    • 4 Pages

    The Balanced Scorecard or “dashboard” gives managers and executives a “balanced” view of a company’s business activity and performance, in alignment to the vision and strategy of the organization. The most important responsibility a company has it to increase net revenues and attain financial stability while providing a good product and service at a competitive price, providing customer satisfaction and benefit utilization.…

    • 827 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Scorecards At BIOCO

    • 608 Words
    • 3 Pages

    BIOCO has realized from its use of balanced scorecards that the company has been able to open communication channels, where common goals are established throughout the whole company. Employees are able to view the company’s value drivers, such as financial performance. The Chief Intelligence Officer (CIO) believed that that balanced scorecards helped employees to not only look at their own departments operations, but the overall operations within the company. The Vice President believed that the scorecards helped all employees understand the overall goals of the company within their own departments. Balanced scorecards also helped the IT department interpret the other business areas within the company. The scorecards helped create an internal perspective that outlined the goals and the measures of the company. Balanced Scorecards allowed every employee at BIOCO to know what the company was excelling at, and where the company demanded resources be integrated in order to excel.…

    • 608 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    In this paper the writer will be discussing the balanced scorecard for the Erica’s Classy Lady Company. Before going into the details of the scorecard a person must know and understand what a scorecard is. A balanced scorecard includes measures that are linked to a company’s strategy and was developed by Robert S. Kaplan and David P. Norton in order to direct a company within its long-term strategies with tangible goals and actions (Pearce & Robinson, 2009).…

    • 896 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Strategic Plan Part 3

    • 669 Words
    • 3 Pages

    Similar to a vehicles control board, the balanced scorecard shows indicators of performance that gives an overview of the organization. A balanced scorecard, developed by Robert S. Kaplan and David P. Norton, is a tool that merges financial and nonfinancial measurements into a view of organizational performance linked to the strategy (Pearce & Robinson, 2009). Although several versions of balanced scorecards exist, each defines an organization’s mission, vision, and objectives. Demary & Sons’ mission is to deliver freight professionally and on time while committing to highway safety. The vision is to be among the safest trucking organizations while delivering customer and employee excellence by way of strong relationships.…

    • 669 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Balanced Scorecard (hereafter known as BSC) is a performance measurement system that has been introduced to overcome the weaknesses of the traditional performance measurement systems. In the intense competition market, intangible assets of companies play a major role in creation of value for companies. (Nolan Norton Institute, 1991). Therefore, in order to improve the management of intangible assets, companies should incorporate measurement of intangible assets into the company’s performance measurement system (Kaplan, 2010). It was introduced as a performance…

    • 5989 Words
    • 24 Pages
    Powerful Essays
  • Good Essays

    Us Postal Service

    • 577 Words
    • 3 Pages

    Now the organization being able to have a definite way to track if they are doing well would be a definite advantage of the Balances Scorecard approach. You can break your organization down into different areas that you can then track to see how they are improving. The thing about this is that you change the scorecard to fit your own business. This can be a disadvantage because it is hard to see how effective…

    • 577 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Canada's Water Situation

    • 821 Words
    • 4 Pages

    Before any talks begin regarding the sale or sharing of Canada’s water takes place, Canada must take care of the water shortage going on within its borders first. According to Environment Canada, 11% of all water use in Canada is for municipalities, more than half of which is dedicated to residential areas. 74% of this is surface water while 26% is subsurface (Environ. Canada). Also according to Environment Canada, from 1994-2004, over 26% of municipalities reported supply problems. Groundwater sources have encountered more shortages and due to them being usually closed systems, areas have had to rely on deeper water sources, which typically contain harmful heavy metals (Macdonald, 2009). Canada’s surface water, an abundant supply, also faces serious problems. Lakes in Manitoba, Saskatchewan and Alberta have been retreating as early as the 20th century (Mittelstaedt, 2006). The same source predicts a likely mid-century return to the 1930’s-era “dust bowl” conditions. Along with supply shortages of water, Canada also has the problem of allowing every Canadian access to its water. With…

    • 821 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Balanced Scorecard

    • 345 Words
    • 2 Pages

    The balance scorecard is used as a strategic planning and a management technique. It is widely used in many organizations, regardless of their scale, to align the organization's performance to its vision and objectives. The scorecard is also used as a tool which improves the communication and feedback process between the employees and management, and to monitor performance of the organizational objectives.…

    • 345 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Measurement System

    • 851 Words
    • 4 Pages

    The primary objectives of this case were to create a performance measurement system by balanced scorecard in order to understand how the company has performed and its impact on performance. The analysis considers internal and external factors of the scorecard to the company.…

    • 851 Words
    • 4 Pages
    Better Essays
  • Good Essays

    To summarize this research, the desalination plant requires a lot of space and has to have a lot of power to run. The desalination plant is loud so it should not be located in a major city. A desalination plant must have its waste disposed correctly or else it could destroy the current eco system and food chain.…

    • 616 Words
    • 3 Pages
    Good Essays