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Balanced Scorecard Basics. Introduction to Mid and Snr. Managers. I day Cou...

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K2 44 Bond Street Hull HU13EN

44 Bond Street

Hull

HU13EN

United Kingdom

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Refunds up to 7 days before event

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Description

Balanced Scorecard Basics - An Introduction.

Over the past several decades, organizations have come to realize that success cannot only be measured in Pounds and Pence. 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 organization identify, document, plan, and execute a balanced strategic mission. It will also help your organization evaluate and revise its strategic execution.

This one-day workshop will introduce participants to the basics of the balanced scorecard and help them determine if this powerful tool is a good fit for their organization.

Course Overview

You will begin, by, briefly, getting to know participants and discussing what will take place during the workshop. Participants will also have an opportunity to identify their personal learning objectives.

Understanding the Balanced Scorecard

The Students will learn what the balanced scorecard is and where it originated from. You will also explore what economic changes caused the balanced scorecard to evolve.

Handout Balanced Scorecard Template for next subject.

The Ingredients for Success

Next, You will evaluate if the balanced scorecard is a good tool for their organization. Participants will also brainstorm solutions to the top ten issues that cause the balanced scorecard to fail.

Overview of the Balanced Scorecard Process

This session will begin with a flowchart outlining each step of the balanced scorecard process. Participants will also review a sample strategy map, tactical action plan, and scorecard.

Creating a Project Vision Statement

In this session, participants will learn how to craft a vision statement for the balanced scorecard project.

Handout

  1. “a4 Mission Case Study”.

Understanding Organizational Mission, Vision, and Values

This session will look at what a mission statement, vision statement, and value identification list looks like, and how they each fit into the balanced scorecard process. To apply learning points, participants will evaluate what some well-known companies have for these statements.

You will be tasked to create a Mission Statement as well as a Value Statement.

What are Inputs required for the Balanced Scorecard?

You will be taken through an Input checklist using an excel spreadsheet handout.

What are Domains in context of the Balanced Scorecard Concept?

- introductions to domains and how they fit into the Balanced Scorecard

- introduction to causality and why it is an important concept for understanding the Balanced Scorecard

Setting Strategic Goals

You will be taken through the concept of strategic goals setting using the previous Balanced Scorecard Template.

What are the keys that make a scorecard so practical?

Measurement:

A Discussion on A Handout called “ Choose the Right Measures, Drive the Right Strategy which gives a background to measures used in a scorecard

Handouts for discussion:

    1. Having Trouble with Strategy? Map it. Kaplan an Norton

Strategy Map

a. Having Trouble with Strategy? Map it. Kaplan an Norton

You will be introduced to strategy maps. The abovementioned handout will be used as the basis for discussion.

A discussion around Why is this handout so very important for you who wish to introduce the Balanced Scorecard to Your company? “Presenting the Balanced Scorecard Strategy Map”

Plans and Processes to Build

Next, You will receive checklists for creating training plans, project plans, communication plans, and core processes.

Mobilize Change through Leadership.

Discussion around the handout” Mobilize Change Through Executive Leadership “ By Harvard University

Building Balanced Scorecard Teams

To wrap up the day, You will learn how to build the three most common types of balanced scorecard teams:

  1. an executive team,

  2. a steering team, and

  3. a strategic theme teams.

Workshop Wrap-Up

At the end of the day, students will have an opportunity to ask questions.

Whats Included:

  • What Participants get in the price

    • Price includes VAT, refreshments, on arrival and twice more during each day, lunch, takeaway materials and certificate of completion.

    • Free Wifi Available.

    • Bring own Notebook, IPad and or Laptop.

    • If you use Your own device we can give you a rebate at the door of £16. You must send me an email to donfirm this. ceo@interco.mjfgroup.biz

    • If you require an invoice sending in order to make your booking please contact us via ceo@interco.mjfgroup.biz

    Note : As we only have limited spaces, anyone looking to book a group into this session, please contact us directly.


Walk Away with.

  1. Download the BSC Free Software

  2. Download the Free StratPad Software.

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Date and Time

Location

K2 44 Bond Street Hull HU13EN

44 Bond Street

Hull

HU13EN

United Kingdom

View Map

Refund Policy

Refunds up to 7 days before event

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