What is Oracle 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. See "What is a Balanced Scorecard?" for additional information.

Use Oracle Scorecard and Strategy Management to:

• Simultaneously define the objectives (that is, goals such as Decreased Operational Costs) and initiatives (that is, processes or tasks such as Form Cost Minimization Team) that form your strategy to which you assign KPIs to measure progress and performance. For more information on:

  • Objectives, see "What Are Objectives?"

  • Initiatives, see "What Are Initiatives?"

  • KPIs, see Chapter 11, "Using KPIs and KPI Watchlists"

• Align objectives and initiatives with customized or traditional perspectives (fundamental business competencies and areas such as finance or customer relations). This later enables you to depict the extent to which corporate strategy supports these perspectives. See "What Are Perspectives?" for additional information.

• Define target numeric ranges to evaluate the values of KPIs within corporate or department-level objectives and initiatives. See "Defining Assessment Mappings for Scorecards" for additional information.

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

  • "What Are Strategy Trees?"

  • "What Are Strategy Maps?"

  • "What Are Cause & Effect Maps?"

  • "What Are Custom Views?"

• Discuss the implementation and status of objectives and initiatives by adding, reading, and replying to comments. See "About Comments" for additional information.