The Balanced Scorecard is a strategic planning and management system used to align business activities to the vision and strategy of the organisation, improve internal and external communications, and monitor organisational performance against strategic goals.
The concept was initially introduced by Robert Kaplan and David Norton in a Harvard Business Review Article in 1992 and has since then been voted one of the most influential business ideas. Balance Scorecard has changed the way many Fortune 100 companies do business today. The implementation of Balance Scorecard helps in staying focused with the key objectives of the organization goals by developing strong governance. Organizations gain by eliminating unnecessary or less critical initiatives in most cases. The best resources can be deployed in the areas having potential of biggest gains.
By attending Balanced Scorecard workshop, delegates will:
- Describe the structure and typical content of a Balanced Business Scorecard
- Translate an organizations strategic themes and objectives into a Balanced Scorecard
- Use a Balanced Scorecard in a management-for-results environment
- Know how to use the Balanced Scorecard to align operational activity with strategy
- Use best practice approaches to overcome obstacles and challenges
- Understand the Change Management implications of implementing a Balanced Scorecard
This Balanced Scorecard training course is ideal for:
- Business owners who are looking for alignment of goals & current team
- Quality and Strategy Professionals who help the teams for operational and business excellence initiatives
- Change Agents who are enabling project and program management
- Key decision makers and people leaders who are responsible for ensuring business results
- Profit and Cost Centre Heads / Managers