Balanced Scorecard Basics

Description:

Over the past several decades, organizations have come to realize that success cannot only be measured in dollars and cents. Intangible assets (like a company’s reputation, the knowledge base created by their employees, and training initiatives) can make up a huge portion of a company’s wealth. It only makes sense, then, that we need a new tool to help us measure this expanded definition of success. Enter the balanced scorecard! This tool and its related components will help your organization identify, document, plan, and execute a balanced strategic mission. It will also help your organization evaluate and revise its strategic execution.

This one-day workshop will introduce you to the basics of the balanced scorecard and help you determine if this powerful tool is a good fit for your organization.

Objective:

  • Define what the balanced scorecard is and its benefits
  • Describe common balanced scorecard pitfalls & how to avoid them
  • Determine if the balanced scorecard is right for your organization
  • Describe the key elements of the balanced scorecard process
  • Identify a strategy map, tactical action plan, and balanced scorecard
  • Create a vision statement for the balanced scorecard
  • Understand what corporate values, mission statements, and vision statements are and how they tie into the balanced scorecard
  • Understand what processes support the balanced scorecard

Content:

  • Understanding the balanced scorecard
  • The ingredients for success
  • Overview of the balanced scorecard process
  • Creating a project vision statement
  • Understanding organizational mission, vision, and values
  • Plans and processes to build
  • Building balanced scorecard teams
Training Registration Form

Training Registration Form

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Our courses are delivered via face-to-face and/or online modes, select how you want to study.