Is There Really a Need for an Indicator for Privacy?



Join Balanced Scorecard Group 

Practice-based Balanced Scorecard Trainings

Online KPI Dashboard Sign up with web-based KPI Dashboard:

  • Access your KPIs online;
  • Measure your success;

Navigation: All Balanced Scorecard Articles > BSC Training

Privacy is a subject that has been debated over by many people. Now, the question remains: should your company make use of an indicator for privacy? Check additional information about Indicator for privacy.

A lot of discussions have been made about privacy and up until now, there are many people who are still discussing such issue. However, there are places across the globe wherein privacy is something that is indispensable. This is why they have rules and laws that protect the privacy an individual. Privacy is referred to as the ability of an organization or simply a person to keep details and information about himself or the entire company from being disclosed. There are different motives for this decision and most organizations practice such in order for them to sustain valuable information amongst them. This is often called business confidentiality.

Now, if you own a company and you wish to make use of an indicator for privacy, you should first learn how you can measure this ability and why it is important for your company. Yes privacy is important for organizations because this allows them to keep details about the company until they are ready to reveal them. Most of the time, they do not choose to disclose such facts and simply leave them to the authorities in the business. Privacy has different meanings for every person or organization but one thing is for sure: this is connected to information. Using an indicator for privacy allows people to know whether their communications, transactions and other related schemes are in private dealings. But first, one has to identify that there are three types of privacy involved in an organization. These are the organizational, informational and physical privacy. These three are important aspects and when they are combined, they become the whole capability of the business to promote confidentiality in their occupation.

Without a privacy indicator, a company may suffer from invasion of privacy and this can cause a lot of problems within the company including, burglary, information theft and other types of risks. Most of the trade secrets are discussed in the boardroom wherein the executives or managers of the firm make a discussion regarding the strategies of the company, how they can beat their competitors and their decisions for future business expansion. These people are not eager to leak the details about these things and so they apply measures that will save the information from going out in public.

Included in the indicator for privacy is the method of keeping track of the press releases of the company. The people who have discussed important matters in the boardroom are given limitations about the facts that they can disseminate to the public. In some cases, there are subjects that are considered to be private and only the higher ups are allowed to talk about them within the company. The press releases that will mention the details about the company will not contain those that are marked as a top secret. This is why they are constantly monitored to ensure that the essential information re not leaked out in public. An indicator for privacy ensures that the organizational, physical and informational secrets are well kept and that the people who are authorized to converse about these sensitive matters are the only ones who are aware of it.

If you are interested in Indicator for privacy, check this link to find out more about privacy indicator. Also, you can check other articles in BSC Training category.



 

10 steps self-education plan for Balanced Scorecard.

Subscribe to BSC Articles newsletter to learn more about how-to articles, BSC development and implementation.

Balanced Scorecard Toolkit 
Balanced Scorecard Toolkit includes step-by-step manuals, documents, presentations, check lists designed to help business professionals with successful development and implementation of Balanced Scorecard. Learn more about
BSC Toolkit.

Free Balanced Scorecard Templates

 

Balanced Scorecard Software - BSC Designer



Copyright © 2000-2010 Scorecard Report. All rights reserved.