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  • 2014-2016 BALANCED SCORECARD

    SFRBM 2014-2016 Balanced Scorecard 1 | P a g e

    VISION STATEMENT The Society for Redox Biology and Medicine will be the premier forum for redox research and the scientific organization promoting the discovery and exchange of knowledge in the area of free radical chemistry, redox biology and antioxidants. THE BALANCED SCORECARD (BSC) SUMMARY OVERVIEW The Balanced Scorecard (BSC) is a strategy performance management tool - a semi-standard structured report that will be used by the SFRBM Board of Directors to keep track of the execution of activities and to monitor the consequences arising from these actions. As a model of performance, the balanced scorecard is effective in that "it articulates the links between leading inputs (human and physical), processes, and lagging outcomes and focuses on the importance of managing these components to achieve the organization's strategic priorities. This plan was created and designed by SFRBM and will cover fiscal years 2014-2016.

  • 2014-2016 BALANCED SCORECARD

    SFRBM 2014-2016 Balanced Scorecard 2 | P a g e

    Scorecard Component Descriptions Strategic Objective S.M.A.R.T. Goals Year Priority Committee Target Progress

    A broadly defined strategy to support its corresponding initiative (focus).

    The specific, measureable, achievable, realistic & time-based action to

    support its corresponding objective

    The fiscal year in which the goal is to be

    achieved. It can be an ongoing goal in multiple

    years.

    The order of goal priority within a

    specific objective. The target should reflect

    the priority.

    The committee assigned to the execution of the

    S.M.A.R.T. Goal

    Goal date of completion (e.g., No Later Than, or On Or

    Before.)

    Subjective percentage (%) of completion

    identified monthly for reporting at Board

    meetings.

    INITIATIVE 1: FINANCE

    Strategic Objective (To be realized by end of fiscal year 2016)

    S.M.A.R.T. Goal (To be realized by end of fiscal year identified)

    Fiscal Year / Priority Committee Target Milestone/Progress

    1.1 Create strategic alliances with organizations that help increase SFRBMs visibility in the scientific and medical community

    1.1.1 Identify 3 target societies in US and establish a relationship by direct means (begin by identifying and contacting a point person in their leadership).

    2014 1 Strategic

    Alliances & Outreach

    Jun 1 2014

    1.1.2 Establish alliance with SFRR-Europe. 2014 2 Strategic

    Alliances & Outreach

    Jun 1 2014

    1.1.3 Organize an Undergraduate Day/Morning at the annual meeting to encourage undergraduates to attend the meeting and learn about the society.

    2014 3 Strategic

    Alliances & Outreach

    Jun 1 2014

    1.1.4 Secure 5 Science Fair winners from local high schools with SFRBM-related research interests, and briefly highlight their projects at the beginning of plenary talks

    2014 4 Strategic

    Alliances & Outreach

    Aug 1 2014

    1.2 Increase partnerships with industry

    1.2.1 Identify 3 new industry partners to target to establish a connection with SFRBM. Increase our involvement with existing partners to advertise the society through their existing channels (i.e. Seahorse webinars).

    2015 1 Fundraising Mar 1 2015

    1.2.2 Develop at least one industry sponsored workshop/new technology symposia during the annual meeting, with the goal of advertising for the company but mainly educating SFRBM membership on new, cutting edge technology/products.

    2016 2 Fundraising Nov 1 2016

  • 2014-2016 BALANCED SCORECARD

    SFRBM 2014-2016 Balanced Scorecard 3 | P a g e

    Strategic Objective (To be realized by end of fiscal year 2016)

    S.M.A.R.T. Goal (To be realized by end of fiscal year identified)

    Fiscal Year / Priority Committee Target Milestone/Progress

    1.3 Encourage continued development of the SFRBM Foundation

    1.3.2 Create new Foundation incentive program 2014 1 Finance/ Investments

    Nov 1 2014

    1.3.3 Ensure that there is a Foundation booth next to registration at the annual meeting to both advertise Foundation accomplishments as well as solicit donations (annually).

    2016 2 Finance/ Investments

    Dec 31 2016

    INITIATIVE 2: EDUCATION & PROFESSIONAL DEVELOPMENT

    Strategic Objective (To be realized by end of fiscal year 2016)

    S.M.A.R.T. Goal (To be realized by end of fiscal year identified)

    Fiscal Year / Priority Committee Target Milestone/Progress

    2.1 Continue to provide high-quality educational and professional development opportunities, both in person and web-based

    2.1.1 Continue to offer quarterly virtual Free Radical School sessions

    All 1 Free Radical

    School Dec 31 2014

    2.1.2 Advertise archived FRS listings to members at regular intervals

    All 4 Free Radical

    School

    Mar 30 2014 Jul 30 2014 Oct 3 2014

    2.1.4 Offer 4 Mini-Fellowships Awards per year; increase application submissions by 25% in 2014

    All 2 YI/Trainees Apr 15 2014 Oct 15 2014

    2.1.5 Record Professional Development sessions offered at Annual Meeting to be web-based resource

    All 3 Professional Development

    Dec 31 2014

    2.2 Increase engagement of trainee members

    2.2.1 Offer 1 educational webinar per year on career development

    2014 3 Trainee Council Dec 30 2014

    2.2.2 Survey trainees once per year on career development 2014 2 Trainee Council Aug 1 2014 2.2.3 Emphasize the possibility of doing a mini-fellowship in industry by stating this fact more openly on mini-fellowship advertisements. This could be industry sponsored (financially) or SFRBM sponsored to create a pipeline of young redox biologists for potential careers in industry.

    2014 1 YI/Trainees Mar 1 2014

  • 2014-2016 BALANCED SCORECARD

    SFRBM 2014-2016 Balanced Scorecard 4 | P a g e

    INITIATIVE 3: RESEARCH & SCIENTIFIC EXCELLENCE

    3.3 Revisit and/or revise society awards program to recognize research excellence of senior and junior members

    3.3.1 Create and implement Paper of the Year Award All 1 Awards Senior Jun 1 2014

    3.3.2 Revise SFRBM Fellow criteria All 2 Awards Senior Jan 1 2014

    3.3.3 Create and implement Mid-Career Achievement Award All 3 Awards Senior Sep 1 2015

    Strategic Objective (To be realized by end of fiscal year 2016)

    S.M.A.R.T. Goal (To be realized by end of fiscal year identified)

    Fiscal Year / Priority Committee Target Milestone/Progress

    3.1 Provide environment for exchange of information & technology promoting scientific excellence

    3.1.1 Establish Scientific Excellence Committee to organize and hold one (1) regional meeting that is clearly focused and not redundant with the annual meeting

    2014 1

    VP Research of Research & Scientific

    Excellence

    Jun 1 2014

    3.1.2 Update (biannually) table list of interested and eligible persons to serve as peer-reviewers for NIH regarding redox biology science and submit to NIH CSR

    2014 3 Scientific

    Excellence Sep 1 2014

    3.1.3 Compile a list of scientific interests of individual labs within the society to make available to specific companies to assist with beta testing, etc.

    2014 2 Membership Aug 1 2014

    3.2 Support collaborative research opportunities involving redox biology in multidisciplinary R&D

    3.2.1 Increase number of Travel Awards by 2 for each fiscal year (e.g. 12 in 2014, 14 in 2015 and 16 in 2016) 2014 2 Awards Junior Oct 1 2014

    3.2.2 Communicate the process of conference abstract selection to members in order to dispel the perception of bias.

    2014 3 Scientific

    Excellence Nov 15 2014

    3.2.3 Establish and implement a Research Award Program 2014 1 Awards Senior Sep 1 2014 3.2.4 Develop, market & execute one joint symposia of an interdisciplinary nature at 2014 Annual meeting 2015 4

    Scientific Excellence

    Apr 1 2015

  • 2014-2016 BALANCED SCORECARD

    SFRBM 2014-2016 Balanced Scorecard 5 | P a g e

    Strategic Objective (To be realized by end of fiscal year 2016)

    S.M.A.R.T. Goal (To be realized by end of fiscal year identified)

    Fiscal Year / Priority Committee Target Milestone/Progress

    3.4 Improve mechanisms to identify and groom future society leaders

    3.4.1 Contact committee chairs quarterly for all stars for future leadership roles

    All 1 Nominations/ Leadership

    Development Mar 20 2014

    INITIATIVE 4: COMMUNICATIONS

    Strategic Objective (To be realized by end of fiscal year 2016)

    S.M.A.R.T. Goal (To be realized by end of fiscal year identified)

    Fiscal Year / Priority Committee Target Milestone/Progress

    4.1 Promote the Societies reputation and visibility, as well as the interests of its current and potential members to the scientific community and public

    4.1.1 Hire one (1) Public relations firm in 2014 to develop and implement a PR plan focused on increasing the value and breadth of the SFRBM brand

    2014 1 Marketing-External

    Apr 1 2014

    4.1.2 Develop external marketing tool (distribute bi-monthly) to send to non-SFRBM members derived from affiliated journal authors and reviewers

    2014 3 Marketing-

    Internal Feb 1 2014

    4.1.3 Execute biannual website content audit All 6 Website Dec 31 2016

    4.1.4 Add new section to website specifically focused on educational content for members

    2014 5 Website Apr 1 2014 and Oct 1