What are management techniques. Which ones are effective Research Paper

What are management techniques. Which ones are effective - Research Paper Example The Balanced Scorecard Technique is a performance-based technique that is structured in a way that enables a sequential check and evaluation of processes in order to determine the level of conformity with the expected outcomes (Armstrong 46). The popularity of the Balanced Scorecard has been witnessed largely in western countries. Studies have also found out a significant level of preference of this management tool in Scandinavian countries, the Middle East and Spain. Over the times, theorists and management experts have managed to develop related techniques and concepts of management basing on the structural foundation of the Balanced Scorecard. Some of the related techniques are Results Based Management and the Performance Prism technique. The fundamental feature in these techniques is the linking of all actions towards some specific outcomes. The balanced Scorecard operates through the creation of ‘target values’ that are used to measure the progress and specific outcomes of various processes within the organization. Essentially, the units of measurement are designed in ways that provide the most relevant information about the nature of performance of a given measure. Both financial and non-financial units of performance are assessed against these target values, which act as safeguards to the nature of performance (Armstrong 50). For instance, the volume of sales could be assigned to some specific target value so that all subsequent actions and results regarding the trends of sales are measured against this target value. On this score, it becomes necessary to consider the fact that other matters such as employee performance are regulated and observed through these values. Such measures could involve appraisal processes in which the performance of employees is measured against definite goals in order to deter mine the levels of progress in relation to certain