Balanced Scorecard
Objectives
- Understand the business environment and organizational foundations
- Formulate strategies through environmental analysis
- Understand the Balanced Scorecard (BSC) and its strategic perspectives
- Explore the four perspectives of the BSC and how they relate to the strategy map
- Learn how to implement and cascade the scorecard across departments
- Plan strategic initiatives and budgets aligned with BSC objectives
- Determine how and when to review the strategy map and scorecards for alignment and performance tracking
Key Contents
Understanding the business environment and organizational foundation
Strategy formulation fundamentals
SWOT Analysis and Porter’s Five Forces – interactive workshop
Strategy formulation workshop
Balanced Scorecard (BSC) perspectives, measurements, targets – with guided workshop
Strategy map development – with hands-on workshop
Scorecard implementation and cascading – supported by practice session
Performance management aligned with strategic objectives
How and when to review the strategy map and scorecards
Approach to deployment, organizational learning, and strategic integration
Who Should Attend
Anyone in the organization who needs to understand the knowledge and practical application of the Balanced Scorecard, including how to implement it effectively within the organization.