The document discusses how Mary Kay Inc. uses the balanced scorecard approach to align its organizational vision and strategic goals with the work of individual employees. It explains how Mary Kay cascades strategies and key performance indicators down through the organization, and ensures employees understand how their roles contribute to the company's overall mission and priorities. Regular communication, feedback, and recognition programs are used to maintain alignment between individual and organizational objectives.
2. Today’s Agenda
1. Mary Kay, Inc. – Brief Overview
2. BSC Experience at Mary Kay, Inc.
3. Aligning Strategic Vision
4. Follow-through and Feedback
Slide 2
3. Mary Kay – Company Overview
Direct Seller
Skin Care & Color Cosmetics
Page 3
5. Mary Kay – The Company
• One Of The Largest Direct Sellers Of
Skin Care & Color Cosmetics In The World
• Manufacturer With Plants In The U.S. &
China
• Privately Held With 4,600 Employees
• Based In Dallas, Texas
Slide 5
6. Mary Kay – The Company
• 2.5 Million Independent Beauty Consultants
• 38 Markets – Top Markets Are China, Mexico,
Russia & The U.S.
• $2.5 Billion In Global Wholesale Sales
Slide 6
7. Mary Kay – The Opportunity
Independent Beauty Consultants
Own Their Own Business
Page 7
8. Mary Kay – The Opportunity
Mary Kay Is A Direct Sales Company
• Independent Beauty Consultant
Runs His/Her Own Business
– Purchase From Mary Kay Inc.
– Sell Directly To Consumers
• Open-ended Opportunity
– Part-Time Job
– Supplemental Income
– Full-Time Business
Slide 8
13. Mary Kay Beauty That Counts™
Global Cause Marketing Campaign
• Donated Nearly $4 Million
Worldwide
• Organizations That Support
Women & Children
Slide 13
18. Why Integrate Strategic Planning & Management with a
Balanced Scorecard?
Line of Sight
• 'Connect-the-dots' between activities related to WIGs and PIGs and
bigger picture strategy & vision
• Focus on the right tasks and projects and choose the right products
and services
• Employees focus on results
Slide 19
25. Root Cause Analysis (RCS’)
• Correlations
– All Items
– Identifies Relationships (Covariance, r)
– Preliminary Indications
– Called “Key Factors / Drivers”
• Regression Analyses (r2)
– Stepwise, Linear
– Confidence 99.99%, Error <.01
• Path Analysis
Identifies Item(s) That Have Greatest Effect
On Largest Number Of Other Items Slide 27
26. Action Steps
Project Planning
Communication
Survey / Questionnaire Design
Results Rollout
Follow-up / Action Planning
Monitoring & Accountability
Link Survey to Business Outcomes Slide 28