Iloilo gets international recognition

A city in the Visayas has been inducted in the Hall of Fame of an international organization for excelling in business ventures through the use of a unique management model, according to the Institute for Solidarity in Asia (ISA). In a statement, ISA said Iloilo City was chosen last October 5 to be among the four top-performing organizations in the world by the Palladium Group, Inc. for using the Balanced Scorecard (BSC) model.

The Palladium Group is an international organization that promotes the use of the BSC, a Harvard-developed management system that incorporates finance-generating measures with non-financial methods to create a more balanced organization. The model offers not only a performance-measuring system, but also allows managers to pinpoint specific areas that need improvement. Other Hall of Fame inductees were South Korea’s Dongwha Enterprises and Korean Customs Service, and New Zealand’s Kiwibank. According to ISA, after four years of adopting the BSC method, Iloilo's satisfaction rating among its citizens increased by 15 percent. Public elementary school teacher-student ratio improved as well. “The BSC has enabled us to clearly communicate strategy and align our workforce through a common language and shared objectives, measures, targets and initiatives," said Iloilo Mayor Jerry Trenas. He added that the process has helped make their city vibrant, well-governed, and prosperous, establishing a roadmap for Iloilo to achieve even more as a premier city by 2015. Since its inception in 2000, 128 groups have been inducted into the BSC Hall of Fame. Iloilo City received this recognition a few months after ISA, an institution advocating good governance, awarded it for achieving “an effective governance model for public-private partnership that compounds on a dynamic participatory process." San Fernando City in Pampanga was also commended by the ISA. – GMANews.TV