FIRST Philec Solar Corporation (FPSC)
is aggressively pursuing the Palladium Balanced Scorecard (BSc) Hall of Fame for Executing Strategy in 2010. The BSc, developed by Robert Kaplan and David Norton in the early 1990s, has become one of the most popular strategic management tools today and offers an effective approach to successful alignment and strategy execution.
The Palladium Group launched the Palladium Balanced Scorecard Hall of Fame for Executing Strategy program to publicly recognize high-performing organizations that have used the Kaplan- Norton Balanced Scorecard management system to achieve and sustain breakthrough performance results.
At its inception, FPSC immediately adapted the BSc, thus avoiding the so called “birth pains” normally experienced by fledgling companies. FPSC was also faced with strong challenges, but with the use of the BSc approach, the start-up project went smoothly, production was one month ahead of schedule, and delivery, quality and cost performance were unprecedented.
“We were faced with the challenge to meet at least 60% of Sun Power Manufacturing Limited (SPML) wafering demand in competition with six more experienced Chinese and Japanese wafering suppliers. Our leadership team implemented the Balanced Scorecard to map out, execute and measure the results of our strategies. As a result, we exceeded our customer’s expectations in all fronts,” said FPSC president and CEO Dan Lachica.
FPSC is looking forward to be a recipient of the Balanced Scorecard Hall of Fame award during the awarding ceremony in Manila on September 22, 2010.