Learning Outcomes
By the end of this session, participants will:
– Understand the principles and components of the Balanced Scorecard
– Recognize the strategic benefits of using BSC for performance management
– Be equipped with the necessary knowledge to adopt a BSC in their organization
Key Topics:
- Introduction to Balanced Scorecard
– Definition and origins of BSC
– The four perspectives: Financial, Customer, Internal Processes, and Learning & Growth
- Benefits of Implementing BSC
– Aligning business activities with the organization’s vision and strategy
– Enhancing strategic feedback and learning
– Improving organizational performance
- Developing a Balanced Scorecard
– Identifying key performance indicators (KPIs)
– Setting measurable targets and initiatives
– Aligning BSC with business strategy
- Case Studies and Best Practices
– Common use cases of the BSc
– Real-world examples of successful BSC implementation
– Common challenges and solutions
Interactive Activities and Case Studies
Participants will engage in interactive discussions and case study analyses to understand the practical application of the Balanced Scorecard in various organizational contexts.
Session Duration
1 – 3 hours
Venue
ELearning, Live Virtual, or In-Person
Target Audience
Executive team of an organization who need to decide and approve the implementation of the Balanced Scorecard to the wider organization.