Strategic Planning Using the Balanced Scorecard

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Strategic Planning Using the Balanced Scorecard Course
Introduction:
The Balanced Scorecard (BSC) is a powerful management tool that ensures the development of a comprehensive and balanced strategic plan while providing a means to track performance over time and evaluate goal attainment.
By using the Balanced Scorecard, organizations can align all their resources towards achieving their strategic objectives. This approach empowers employees to develop and perform at their best, enhances internal processes to deliver what customers want, and ultimately leads to financial success.
The Strategic Planning Using the Balanced Scorecard training seminar is designed to help organizations place strategy at the core of their operations. By translating strategy into a well-rounded set of objectives that encompass Finance, Customer, Internal Processes, and People, the Balanced Scorecard approach enables organizations to transform their strategies into tangible actions. Clear measures and targets allow leaders to guide their organization towards long-term goals, while engaging managers and staff to actively contribute to its success.
Through this seminar, participants will gain the knowledge and skills to implement the Balanced Scorecard effectively within their organization. They will learn how to develop a strategic plan that encompasses all key areas, establish meaningful metrics and targets, and foster a culture of continuous improvement. By adopting this approach, organizations can enhance their performance management system, drive alignment, and ensure that every level of the organization is working towards the same strategic objectives.
The Strategic Planning Using the Balanced Scorecard training seminar empowers organizations to translate their strategic vision into actionable plans and achieve long-term success. It equips participants with the tools and techniques to integrate strategy into daily operations, enabling effective decision-making, and fostering a results-oriented culture.
Course Objectives:
At the end of this Strategic Planning Using the Balanced Scorecard Training course, you will learn to:
- Build a Balanced Scorecard from scratch, based on your organization’s strategy
- Overcome obstacles to implementing a Balanced Scorecard in practice
- Translate strategy into tangible results to be measured and monitored
- Align people and resources to focus on achieving the strategy
- Adjust and enhance strategy in line with a changing environment
Who Should Attend?
Strategic Planning Using the Balanced Scorecard Training course, is Ideal for :
- Executives
- Managers with responsibility for creating or managing a Balanced Scorecard
- Financial Officers and Controllers
- Process Managers
- Strategic Planning Managers
Course Outlines:
Introduction to the Balanced Scorecard
- Introduction to the Balanced Scorecard
- Benefits of the Balanced Scorecard
- Beginning with a Vision
- The Financial, Customer, Process Perspectives in Detail
- Strategy Maps and Strategic Themes
- Lag and Lead Measures / KPIs
- Constructing a Strategy Map
Understanding Strategy
- The Balanced Scorecard Development Process
- Understanding Organizational Strategy
- Exploring the Strategies of Participants’ Own Organizations
- Creating a Strategy-centric Organization
- Engaging the Leadership Team
Building Strategy Maps
- The Learning & Growth Perspective in Detail
- Creating a Climate for Action
- Creating Strategy Maps for Participants Own Organizations
- Strategic Measures / KPIs
- Linking Strategy and Business Planning
Building a Complete Balanced Scorecard
- Strategic Targets
- Mapping Strategic Initiatives
- Monitoring and reviewing the Balanced Scorecard using the latest web-based technology
- Completing the Balanced Scorecard for Participants’ Own Organizations
- Planning for Implementation
- Cascading the Balanced Scorecard Across an Organization
Pulling It All Together
- Reviewing and Enhancing Participants’ Balanced Scorecards
- Identify Potential Pitfalls and Barriers to Implementation
- Gaining Buy-in and Ownership for the Balanced Scorecard
- Top Tips for Successful Creation and Implementation of a Balanced Scorecard
- Making a Personal Plan of Action based on the Training Seminar