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Management and Control Instruments
In the reporting year 2007 as well, we continued to develop our tools for strategic management and
control. Our software solution, developed back in 2006 in cooperation with our IT subsidiary GESIS
for the documentation and tracking of the goals of each individual subsidiary in all the 5P areas of
”Partners“, “Products“, “Processes“, “Personnel“ and “Profit“, was rolled out to other Group companies
in the financial year 2007.
A number of functions of this software solution have been adjusted to take account of the individual
requirements of the partly very different business content of the various companies. Master scorecards,
which can be derived in a suitable standard form from the software solution, became part of the
“Strategy Atlas” management tool of SZAG in 2007.
Master scorecards comprise the most important goals at senior management level, along with the
definition of performance indicators of the individual goals. Actual and target values and defined
measures for achieving the goals have been established.
The balanced scorecard system, geared to the level of objectives under “5P Management”, has meanwhile
been implemented in all the Group companies. This tool will enable all Group companies to
realize their strategic goals in measurable steps, to monitor progress by using a uniform system and
to incorporate this into the individually agreed goals of the executive and non-tariff employees of
the Group.
Management tools used in the Salzgitter Group
Communication
Management
by Objectives
Performancebased
Compensation
Corporate
Guidelines
Strategy
5P Management Controlling
Profitability
Improvement
Program
Guidelines
etc.