The Evalex Perform module uses the balanced scorecard as the philosophy behind managing performance.
The balanced scorecard is a concept and theory that emanated from Kaplan and Norton’s article published in the Harvard Business Review in 1994. Like the Stratified Systems Theory of Elliot Jacques it has stood the test of time and has continued to influence and direct our thoughts and approaches to the assessment of individual performance within organisations.
The balanced scorecard approach is based on the theory of intellectual capital. It departs from a premise that for a manager or leader to add value to the organisation his/her contribution should be measured across four main pillars, namely the creation of financial capital, human capital, client capital and process capital.
Evalex has developed the Evalex Perform application, a module within the larger Evalex Talent Management Eco-System as a solution to the management of corporate performance.