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Balanced Scorecard is a management measurement system that provides organizations with a process through which their Vision and Strategy can be translated into action.
When fully deployed, the Balanced Scorecard transforms strategic planning from an academic exercise into a fully functional operating plan. It helps to focus the daily actions of employees in a collaborative fashion towards the achievement of organization strategies.
With Balanced Scorecard, a more comprehensive measurement tool is made available. This is achieved by adopting a balanced perspective by considering the customer, internal business / organization process and learning and growth aspects besides the traditional focus on financial goals of most contemporary measurement tools.
Course Objectives
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Balanced Scorecard as a measurement system
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The Customer perspective
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The Internal Organization Process perspective
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The Learning & Growth perspective
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The Financial perspective
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Balanced Scorecard as a strategic management tool
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Developing Performance objectives and measurements through Strategic theme
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Benefits of Balanced Scorecard
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Key Success Factors
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Planning, implementing and sustaining Balanced Scorecard
Who Should Attend
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Senior Management
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Department Heads