Excellence Award for Liebherr Mining by Balanced Scorecard Institute
For their strong commitment to leadership, strategic management, performance analysis and continuous improvement, Liebherr Mining Equipment Newport News Co. has been awarded the 2014 Award for Excellence by the Balanced Scorecard Institute (BSI). The entreprise has developed and deployed a comprehensive strategic planning and management system in order to affect company-wide transformation and change. As described by BSI, the award is based on the company’s executive leadership, strategy development and communication clarity, organization alignment to a shared vision of the future, strategic resource allocation, performance reporting and communication, breakthrough results and sustainability.
Moore Stephens Says Insurance Industry Must Embrace Business Intelligence
Regulatory developments mean that failure to make proper use of business intelligence systems and actuarial consultancy to assess risk could lead not only to significant financial losses but also to disciplinary penalties for insurance underwriters and brokers, according to leading accountant and consultant Moore Stephens. designed to support the development of effective reserving and forecasting procedures. They are now an essential part of insurance industry practice. analytical and risk management services. Steve Downing says, "The insurance industry must embrace a centralized approach to risk management, one which has the ability to analyse data in a flexible way, to search for trends and patterns, to analyse productivity and to help business planning and forecasting.
