Balanced Scorecard Basics

Over the past several decades, organizations have come to realize 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 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 you to the basics of the Balanced Scorecard and help you determine if this powerful tool is a good fit for your organization.

What Will Participants 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 organization
 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 Scorecard
 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

What Topics are Covered?
 Understanding the Balanced Scorecard
 The ingredients for success
 Overview of the Balanced Scorecard process
 Creating a project vision statement
 Understanding organizational mission, vision, and values
 Plans and processes to build
 Building Balanced Scorecard teams

What’s Included?
 Instruction by an expert facilitator
 Small, interactive classes
 Specialized participant manual and course materials including a pre-assignment and a post-assignment
 A personalized Certificate of Completion