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| EGYTRANS has created a long-term
strategic vision and is taking active and systematic
steps to turn that vision into reality. To succeed, everyone within the company must fully understand the company’s vision and strategies and participate in achieving them. To achieve this, the company has chosen to implement the Balanced Scorecard as a performance measurement and strategic management system. Through the Balanced Scorecard, the company has been able to set ambitious and measurable objectives in four areas: |
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• Financial |
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• Customer |
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• Internal Process |
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• Employee Learning & Growth |
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| With specific planned initiatives for their achievement. |
| In 2007, we put in place a system for regular collections of measurement data for all of the new measures introduced in the company Balanced Scorecard and completed cascading of the Balanced Scorecard to the managerial level, thereby linking the objectives of each branch and department to the overall corporate objectives so the whole company works together as a team. We have also continued to build awareness and momentum throughout the company and continue to proceed gradually to embed the value of strategic management based on the Balanced Scorecard in every aspect of organizational culture. |
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| In 2008, we continued cascading the Balanced Scorecard to the level of the individual, ensuring that every employee in the company
had a basic set of measurable strategic objectives
aligned with the strategic direction of the company.
These objectives have been linked to performance
appraisal of each individual and we have begun to link
financial objectives to the budgeting process. |
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| In 2009, we further developed and expanded measurable
objectives at the individual level. Our purpose in 2010
will be to deepen the culture of strategic management
and accountability throughout the company. |
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| This page was last updated on
31/03/2010 |
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