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Iloilo City joined other delegates from South Korea and New Zealand in the list of international awardees conferred by the Palladium Group, Inc.

According to the report by the Institute for Solidarity in Asia (ISA), “A city in the Visayas has been inducted in the Hall of Fame of an international organization for excelling in business ventures through the use of a unique management model.”

ISA said, last October 5, Iloilo City was chosen to be included in the four top-performing organizations in the world by Palladium for using the Balanced Scorecard (BSC) model.

The Palladium is an international organization which promotes the use of the BSC, a management system that was developed in Harvard. It incorporates finance-generating measures with non-financial methods to create a more balanced organization. The model allows an organization to operate more efficiently because aside from being a performance-measuring system, it also allows management to pinpoint specific areas that need improvement.

The other Hall of Famers who were inducted last October together with Iloilo City were South Korea’s Dongwha Enterprises and Korean Customs Service, and New Zealand’s Kiwibank.

The ISA said that Iloilo’s satisfaction rating among its citizens increased by 15 percent after four years of adopting BSC. Likewise, the public elementary school teacher-student ratio improved as well.

Iloilo Mayor Jerry Trenas said, “The BSC has enabled us to clearly communicate strategy and align our workforce through a common language and shared objectives, measures, targets and initiatives.” He also said that the process has helped them to make their city vibrant, well-governed and prosperous, establishing a roadmap for Iloilo to achieve even more as a premier city by 2015.

To date, 128 groups have been inducted into the BSC Hall of Fame since its inception in 2000.

The ISA, which is also an advocate of good governance, awarded the Iloilo City a few months ago for achieving “an effective governance model for public-private partnership that compounds on a dynamic participatory process.”