Balanced Scorecard – Awareness

Today the use of balanced scorecards for performance management has become a hallmark of a well-run company. A recent study by Cranfield University showed that more than 50 percent of large enterprises use some type of a balanced scorecard.

As its name implies, the Balanced Scorecard is a management tool that assists in strategy development and implementation because it measures achievement highlighting it to all the relevant people and focuses on all the major elements of performance, without favoring one over the other. Thus the Balanced Scorecard is a comprehensive framework that translates an organization’s strategy into a coherent set of performance measures and strategic initiatives.

Balanced Scorecard – Awareness Training Program can be offered to Corporate Clients, SMEs, Colleges and Private and Public establishments across India. All our programs are customized to suit the participants’ training needs. A detailed Training Design Document will be sent before the implementation of this training program.

 
Key Learning Points:

Balanced Scorecard: An Introduction
Business Strategy and Translating them into Strategy Maps
Design and test a customized Balanced Scorecard design method
Developing new measures to support scorecard
Problems with traditional HR measures
HR scorecards and dashboards

 
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  Ideal/Useful for:

• Managers (All Levels)
• HR professionals
• Analysts
 
  Learning Areas:
• Understand the difference between conventional and Balanced Scorecard performance measurement practices
• Be able to translate the company’s strategy into operational terms through strategy maps
• Understand the concepts of Balanced Scorecard and the 4 perspectives: Financial, Customer
• Internal Process and Learning & Growth
• Be able to use Balanced Scorecard to simultaneously execute more than one strategy
• Learn the tips and traps of Balanced Scorecard implementations
• Experience a powerful interactive learning process that brings the complex and dynamic realities of business analysis and decision making into the classroom by studying business cases




 

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