Infosys Technologies Updates

Infosys Technologies Ltd has announced that the Company has entered the Balanced Scorecard Hall of Fame for Executing Strategy™ for achieving breakthrough performance results using the Balanced Scorecard (BSC). The award has been instituted by the Palladium Group, Inc., a leading global professional services firm that enables Companies to better measure and manages performance using the Balanced Scorecard approach. Past winners of this award include UPS, Best Buy, Siemens, Motorola and AT&T Canada.

Commenting on this recognition, Sanjay Purohit, VP & Head - Corporate Planning & Business Assurance, Infosys said, "Infosys has found entry into the BSC Hall of Fame on account of its innovative strategy planning and execution capabilities. We invest in a portfolio of organization-wide planning and execution processes and systems, which involves participation from a cross-section of our employees, including our under-30 budding young leaders. We believe our strategy roadmap and the BSC are key instruments that will help Infosys become a transformation partner to all the clients."

Infosys was lauded for its focus and success in driving the execution of key strategies resulting in growth and differentiation. The award was based on five key principles; (1) Mobilizing change through executive leadership; (2) Translating strategy into operational terms; (3) Aligning the organization around its strategy; (4) Motivating to make strategy everyone's job, and (5) Governing to make strategy a continual process.

The BSC concept, created by Dr. Robert S Kaplan and Dr. David P Norton in 1992, has been implemented across several thousand corporations, organizations, and governments worldwide. It has been cited by Harvard Business Review as are of the most important management ideas of the past 75 years.

Based on the simple premise that "what gets measured is what gets done," the BSC puts strategy at the center of the management process, allowing organizations to implement strategies rapidly and effectively. Begun in 2000, the BSC Hall of Fame Program publicly honors organizations that are successfully using the BSC to achieve and sustain breakthrough performance results.