from DSSResources.comBalanced Scorecard Collaborative honors DFAS and Hillside Family of Agencies with prestigious Hall of Fame awardWASHINGTON, D.C. and LINCOLN, Mass., Sept. 22, 2005 -- Balanced Scorecard Collaborative, a Palladium Group, Inc. company, today announced it has named Defense Finance and Accounting Service (DFAS) to the Balanced Scorecard Hall of Fame for Executing Strategy (TM) for achieving breakthrough performance results using the Balanced Scorecard (BSC). The award was presented today to officers of DFAS at the Balanced Scorecard Government Summit held this week in Washington, D.C. "DFAS has achieved breakthrough performance results using the Balanced Scorecard and is truly a Strategy-Focused Organization," said Balanced Scorecard Collaborative president Dr. David P. Norton. Defense Finance and Accounting Service DFAS is the largest finance and accounting operation in the world with a mission to provide responsive, professional finance and accounting services to the war fighter. In 2004 it disbursed more than $455B. DFAS adopted the BSC in 2001 to help implement major strategic change. According to director Zack E. Gaddy, "The Balanced Scorecard has turned our vision and strategy into a meaningful set of performance measures and targets. It is a management and diagnostic tool that measures our performance at multiple levels and helps assess the health of our organization and demonstrate our progress on completing key initiatives. The BSC has helped us achieve dramatic improvements in our performance." Hillside Family of Agencies Founded as an orphanage in 1837, Hillside Family of Agencies (HFA) today provides behavioral health and youth development services to youth and families in central and western New York. With a budget of $101.9M and 2,000 employees, HFA serves 7,100 youth and their families annually. Hillside began managing with the BSC in 2000 to coordinate strategy formulation, execution, and alignment. "The BSC has enabled Hillside Family of Agencies to transform its organization into an integrated system of care in an industry dominated by a fragmented service delivery system," says Dennis M. Richardson, president and CEO. "By managing our nonprofit organization strategically through use of the BSC, we are able to position Hillside Family of Agencies as a premier provider of integrated care for youth and families." A Steuben crystal rising star, designed by Robert Cassetti, was presented to officers from DFAS, which joins 60 other member organizations of the BSC Hall of Fame. About the Balanced Scorecard The Balanced Scorecard (BSC) concept -- created by Drs. Robert S. Kaplan and David P. Norton in 1992 -- has been implemented in thousands of corporations, organizations, and government agencies worldwide and has been cited by Harvard Business Review as one of the most important ideas of the past seventy-five years. Based on the simple premise that "measurement motivates," the BSC puts strategy at the center of the management process, allowing organizations to implement strategies rapidly and reliably. About Palladium Group, Inc. Palladium Group, Inc. is changing the way the world's leading organizations manage by developing the new science of Executing Strategy. The merger of three of the world's leading professional services firms, Balanced Scorecard Collaborative, Painted Word, and ThinkFast Consulting, has combined the expertise and principles of Strategy-Focused Organization with Corporate Performance Management methodologies and technologies. Headquartered in Lincoln, MA, Palladium has nine U.S. offices, two Balanced Scorecard Collaborative (BSCol) international offices, in London and Sydney, and eight BSCol affiliates in twelve countries in Europe, Latin America and Asia- Pacific. The company works with the largest organizations in financial services, life sciences, manufacturing, and retail, including British Petroleum, Cadbury Schweppes, Caterpillar, DaimlerChrysler, EMC, FedEx Express, Fidelity, Gillette, Lockheed Martin, Pfizer, Staples, the US Army, and Wal-Mart. For more information, visit http://www.palladiumES.com. About Balanced Scorecard Collaborative Balanced Scorecard Collaborative (BSCol), a Palladium company, is a global family of professional service firms that help clients use the Balanced Scorecard to successfully execute strategy. To learn more, visit http://www.bscol.com |