KPI’s or key performance indicators, are back in vogue again. Of course they are related to the bigger picture of the Balanced Score Card (BSC), ala Norton and Kaplan.
Organisations like the Multimedia Develpoment Corporation (MDC, now re-labelled as MDeC) implemented BSC in 2003 and based on the four drivers of the BSC; namely the Client/Customer satisfaction, the Financial Performance, the development of Internal Talent/Enterprise Capital and the development of Internal Processes; found that the BSC and its related KPI’s is a useful and practical tool to evaluate the company’s performance in fulfilling its responsibility to its shareholders and stakeholders. Of course, it goes without saying, that this evaluation should be done on everyone, (pardon the pun), across the board, to include all members of the Board of Directors as well.
One may think that, in order to understand the above concepts above, understand enough so one can actually put them into practice, one has to read the works of Nortan/Kaplan and even to employ consultants, local or international. I cannot deny that one needs professional help to complement the effort of your own internal staff.
At the same time, while pondering the issues of BSC and KPI’s, I cannot help remembering the lady my wife, son and I met in the Gunung Batur rest area in Bali who explained that the ordinary Balinese live by the simple but surprisingly effective set of principles of Fikir, Bicara dan Laksana.
If you think about it, it is a no-brainer to appreciate that you have to have all three to be effective, either as an individual, as a member of your family or community or a a stakeholder (that includes staff of any corporation).
If you “Fikir sahaja”, you become just “syok sendiri”, living in la la land. If you ” Bicara sahaja”, you become the archetypical N.A.T.O. person, No Action, Talk Only. If you “Laksana sahaja”, then I say to you, Hello Mr Bull in the China shop!
So think (fikir), conceptualise, strategise and plan; communicate (bicara), collaborate to get buy-in and team commitment, and the go for it, implement (laksana) the plan and follow through.
The key performance indicators will be the organic and natural outcome of the Balinese personal principles of Fikir, Bicara dan Laksana !
All the best for the week-end !