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.

Topics Covered

ü Understanding the balanced scorecard ü The ingredients for success ü Overview of the balanced scorecard process ü Creating a project vision statement ü Understanding organizational mission, vision, and values ü Plans and processes to build ü Building balanced scorecard teams

Who should attend

Any adult who wants to learn the basics of Balanced Scorecard.

Pre-requisites

18 years and above

What you need to bring

Yourself with uninterrupted time and focus from 8.30am to 4.30 pm on a weekend, a printer (optional), an internet connected computer, and Skype running on it.

Key Takeaways

After completion of the workshop, the student should be able to: ü Define what the balanced scorecard is and its benefits ü Describe common balanced scorecard pitfalls & how to avoid them ü Determine if the balanced scorecard is right for your organization ü Describe the key elements of the balanced scorecard process ü Identify a strategy map, tactical action plan, and balanced scorecard ü Create a vision statement for the balanced scorecard ü Understand what corporate values, mission statements, and vision statements are and how they tie into the balanced scorecard ü Understand what processes support the balanced scorecard