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What is it?
Where Developed?
Utilized by industry
General Electric
Ford Motor Company
IBM
Walt Disney World
What is it?
Why Developed?
Customer Satisfaction
Better Internal Process
Learning and Growth
Financial
Customer
Vision and
Strategy
Learning
and Growth
Internal
Business
Process
Ranch Wheel
The Vision
The Vision
The Vision
The Vision
The Strategies
Livestock Resources
Natural Resources
Financial
Human
Ag
commodities/production
Perspectives
What is a Perspective?
Leading or Lagging?
Is it leading or lagging?
Weaning Weight
Potential cattle
buyer inquiry
ROA
Lagging
Leading
Lagging
Ranch Wheel
Lifestyle
Stress
Sense of security
Healthy, happy and content.
RANCH LIFESTYLE
PERSPECTIVES WITH
STRATEGIC OBJECTIVES
1. Healthy, happy family
2. Sense of security
3. Low stress
GOAL
ACTUAL
Yes
Yes
Yes
Yes
No
No
Financial
ROA
It measures how efficient the production
system is at taking invested dollars,
regardless of sources and turning them
into income.
Others?
Breakeven
Free Cash Flow
Record Keeping
FINANCIAL
PERSPECTIVES WITH
STRATEGIC OBJECTIVES
GOAL
ACTUAL
1. ROA
2. $ net income
3. Breakeven
4. Current ratio
5. Free cash flow
8%
$200,000
$0.75
2:1
$50,000
6%
$180,000
$0.69
1.7:1
$43,000
The Customer
CUSTOMER
PERSPECTIVES WITH
STRATEGIC OBJECTIVES
1. Feedback
2. Repeat customer
3. Customer inquiry
GOAL
ACTUAL
Yes
Yes
Yes
No
Yes
Yes
Ag Commodities/Production
AG COMMODITIES/PRODUCTION
PERSPECTIVES WITH
STRATEGIC OBJECTIVES
1. Lb weaned/cow exposed
2. Pregnancy rate
3. Replacement rate
4. Cow BCS at weaning
5. Days fed harvested feed
6. % of calves born in first 21
days
7. $ vet/cwt. weaned calf
8. $ vet/cow pair
9. Cattle ID
GOAL
ACTUAL
500
94%
15%
6
85
65
$0.02
$18
YES
520
91%
12%
5
98
55
$0.04
$23
NO
Natural Resources
Why is it important?
NATURAL RESOURCES
PERSPECTIVES WITH
STRATEGIC OBJECTIVES
1. Stocking rate = carrying
capacity
2. Prescribed burn
3. Residual forage adequate
4. Noxious weeds treated
5. Precip. As % of normal
6. Range condition score
7. Photo points compared
8. Grouse count
GOAL
ACTUAL
Yes
Success
Yes
Yes
110
Improvin
g
Improvin
g
Increasin
g
Yes
Success
Yes
No
90
Steady
No
change
Increasin
g
Why is it important?
What is available
GOAL
ACTUAL
Yes
No
Yes
Yes
Yes
Yes
No
No
Summary
The process to build a BSC, includes:
Summary
Ranch Wheel