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Balanced Score card Basics

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.

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 organisation.

What You will 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 organisation.
  • 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 score card.
  • 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.

  • Understanding the balanced scorecard
  • The ingredients for success
  • Overview of the balanced scorecard process
  • Creating a project vision statement
  • Understanding organisational mission, vision and values
  • Plans and processes to build
  • Building balanced scorecard teams
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Duration:

  • One day face to face workshop
  • Online
  • Public program - $650 + GST
  • One on one coaching - $1 500 + GST
  • Corporate in- house session - Contact us to discuss your requirements and obtain quote.