Institutes 2008 BSC

1. Institutes 2008 BSC Draft developed by Staff May 31 Approved by BOI June 12 Pending approval and TBD from Institute Boards

2. C4 - Be a resource for Governments C3 - Enhance relevance to Industry C5 - Identify and Address Future Markets and Applications . ASME FY 08 Enterprise Strategy Map Global Customers Financial Viability F1 - Grow Revenue through New Products & Global Market Growth Core Customers Early Career Industry Government C2 - Become an important resource to Early Career Engineers C1 - Better serve our Core Customers F2 - Run an efficient operation that aligns resources to achieve net margin or mission objectives; performing actions such as investing in new programs & sun- setting lower value programs as necessary. What we do (core activities) Build Communities Build Content / Knowledge Advocate & Communicate I1 - Enable self-forming communities of interest I6 - Provide effective representation and advocacy for the engineering profession I3 - Increase & Expand Market-Relevant Content I2 - Stimulate membership growth with different membership models I5 - Accelerate time to market I7 - Improve coordination and effectiveness of internal/ external communications I4 - Maintain strategy for ASME content L1 - Create a volunteer & staff culture that promotes an adaptive, agile, action-oriented entrepreneurial-spirited mindset, promoting tactical business decision making and enhancing Employee/Volunteer satisfaction. L5 Utilize integrated cross-sector project teams Learning & Growth L3 Strengthen environmental scanning and competitive intelligence L6 – Nurture a disciplined approach to business development L4 Share best practices and lessons learned L2 - Develop a diverse corps of volunteer leaders )

3. Changes from 07-08 • Simplified and Reduced the objectives from 10 to 8 • Aligned current planned activities and initiatives within scope of overall objectives • Adopted common, meaningful measures that indicate progress towards objectives and can be shared collectively across all Institute units • Engaged each Institute/Unit to develop appropriate, individual targets that are meaningful to each unit and can be reported on regularly

4. . Institutes FY 08 Strategy Map Global Customers Financial Viability F1 – Achieve Budgeted Growth C2 - Become an important resource to Early Career Engineers & Tech. Professionals C2 – Enhance Relevance to Industry F2 - Run a cost-effective operation C5 – Identify and Serve appropriate Global Markets What we do (core activities) Build Communities Build Content / Knowledge Advocate & Communicate I3 - Increase & Expand ASME Educational Offerings Learning & Growth L4 Develop and Share best practices for Volunteer Boards and Operations L2 –Identify and Develop a diverse corps of leaders )

5. C2 - Become an important resource to Early Career Engineers Customer ASME BSC Objective Objective - Become an important resource to Early Career Engineers and technical professionals Measure: Number and Percentage of ECE (defined as 0-5 yrs) participants in all Institute activities. Target: All Institutes to establish baseline (2008) (Units will need to incorporate additional questions in registration function) Initiatives Align Here. * Will use ASME definition

6. C3 - Enhance relevance to Industry Customer ASME BSC Objective Institutes Objective: C3 - Enhance relevance to Industry Measure: Number of customized relationships and special programs as measured by MOU’s and specific projects, portals… Target: All Institutes to develop more or more meaningful ( # TBD by unit) corporate relationships, projects, pilots or custom programs. Initiatives Align Here.

7. C5 - Identify and Address Future Markets and Applications Customer ASME BSC Objective Institutes Objective: C5 - Identify and Serve appropriate Global Markets Measure: International participation Target: All Institutes will measure # of international participants. Initiatives Align Here.

8. F1 - Grow Revenue through New Products & Global Market Growth Financial ASME BSC Objective Institutes Objective: F1 - Achieve budgeted growth Measure: Budget/Forecasted growth numbers Target: All Institutes Units to Meet/Exceed budgeted growth Initiatives Align Here.

9. F2 - Run an efficient operation that aligns resources to achieve net margin or mission objectives; performing actions such as investing in new programs & sun-setting lower value programs as necessary. Financial ASME BSC Objective Institutes Objective: F2 - Run a cost-effective operation Measure: Quarterly Financial Statements Target: All Institute Units to Meet or Exceed Forecast/Budget Initiatives Align Here.

10. I3 - Increase & Expand Market-Relevant Content Internal ASME BSC Objective Institutes Objective: I3 - Increase & expand ASME Educational Offerings Measure: Number of Courses developed Target: Increase XX Courses. CEI, IGTI, IPTI and ET (each unit to develop appropriate goals in this area) * # TBD by unit Initiatives Align Here.

11. L2 - Develop a diverse corps of volunteer leaders Learning/Growth ASME BSC Objective Institutes Objective: L2 – Identify and develop a diverse corps of Leaders Measure: Identify (creation of job description) and fill leadership positions Target: Fill XX% of identified within YY months for Board of Institutes Initiatives Align Here. * TBD by unit

12. L4 Share best practices and lessons learned BSC ASME BSC Objective Institutes Objective: L4 - Develop and share best practices for volunteer boards and operations Measure: Number of Best Practices Identified and incorporated Target: TBD at SAM for Board of Institutes Initiatives Align Here. * TBD by unit

13. BSC Next Steps • Approved by Board of Institutes 6/11 • Share with Institute Boards for TBD information • Map personal scorecards into framework (due back July 20) • Incorporate into internal reporting • Identify areas for continuous improvement for next year