Balanced Scorecard Basics

Overview:

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.

What Will Students Learn?:

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

What Topics are Covered?:

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

What’s Included?:

Instruction by an expert facilitator
Small, interactive classes