BALANCED SCORECARD BASICS

OVERVIEW

Over the past several decades, organizations have come to realize that success can be measured in other ways besides dollars and cents. Intangible assets (such as 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 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?
• Students will learn how to:
• 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
• Creating a vision statement
• Understanding organizational mission, vision, and values
• Plans and processes to build
• Overview of the balanced scorecard process
• Creating a smooth path for implementation
• Balanced scorecard application
What’s Included?
• Instruction by an expert facilitator
• Small, interactive classes
• Specialized manual and course materials
• Personalized certificate of completion
Fee

About

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