Balanced Scorecard Basics
This 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 organisation:
i. Describe the key elements of the balanced scorecard process.
ii. Identify a strategy map, tactical action plan, and balanced scorecard.
iii. Create a vision statement for the balanced scorecard.
iv. Discuss what corporate values, mission statements, and vision statements are and how they tie into the balanced scorecard.
v. Evaluate the processes that support the balanced scorecard.
Who Should Attend
This programme enables HR practitioners who are considering the introduction of the balanced scorecard as part of the performance assessment system to attain a fundamental understanding of the tool.
Over the past several decades, organisations have come to realise 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 organisation identify, document, plan, and execute a balanced strategic mission. It will also help your organisation evaluate and revise its strategic execution.
|Understanding The Balanced Scorecard Concept||
• What Is the concept?
• Is there a need for the balanced scorecard?
|The Ingredients For Success||
• How do we know if the balance scorecard is right for us?
• Top 10 Scorecard pitfalls
|Overview Of The Process||
• The big picture
• Sample strategy map
• Sample balance scorecard
• Sample tactical action plan
|Creating A Project Vision Statement||• Why we are doing what we are doing
• Making a statement
|Understanding Organisational Mission, Vision And Values||
• The building blocks for your balanced scorecard
• Analysing sample statements
|Plans And Processes To Build||• Building core plans
• A checklist of processes
• Case study
|Building Balanced Scorecard Teams||• Video presentation|
|Programme Summary||• Personal action plan|