Balanced Scorecard Toolkit for Crisis Management

An efficient management tool is that which actually empowers the managing directors of a business organization especially during the times of crisis. Therefore nothing will be better than “Balanced Scorecard Designer”. All types of crisis and predicaments are distinctive and cause new perils to the business organizations thus it becomes absolutely necessary to keep a track of the effects and consequences. This way, an active business organization can make use of balanced scorecards for discovering and measuring the events, methods, tasks, performances, and assigned activities in a fair manner while heading towards the set goals and objectives.

Loss of data can be absolutely toxic and dangerous to any business organization. This is one of the most fatal and costliest assets to loose for any organization. Hence key performance indicators would help in initiating measures to considerably avert and control the data loss costs by recognizing and quantifying the most pivotal areas.

The data loss key performance indicators are therefore divided into four groups: data loss issues, human initiatives, technological initiatives, and data and system management initiatives. The data loss issues and concerns are further identified with indicators known as human errors, technological failures, natural disasters, and data and system management failures. This viewpoint would represent the proportion of data loss from different aspects in a business organization.

Human initiatives are the measures adopted by the organization to capably prevent data loss errors of the human resources. It comprises of technological training sessions, motivational programs, percentage employees, authorized access, number of supervisory checks. The technological initiatives would refer to proceedings related to enhancing data protection and management. It then consists of backup programs, encryption, virus, spy ware detection, and automated alert technology systems. Finally, the data and system management initiatives would involve data integration, secondary storage, average time period for up gradation of systems, and percentage of systems with verification password.

The critical situations within a business enterprise can be the consequence of copious causes. Data within a business organization can be lost on the basis of premeditated deletion of the programs, files categorized as ‘intentional data loss’ and misplacement called as the ‘unintentional data loss’ and because of some disaster ranging from flood, fire to seismic activity etc.  Data can also be lost due to corruption of files and software systems etc. which is named as ‘data loss due to failure’ and lastly the burglary or crime data loss.

 The cause to prevent data loss is the convenience of the data to the business and the maltreatment of that data by the rivals in the industry. Then it would involve the costs in recreating the data and managing devoid of it. Balanced scorecard designer would provide the suitable solutions that can be fully utilized by any business organization for mitigating the risks of data loss.